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​​​​​​EUR/JPY and AUD/USD higher, but EUR/GBP back at September lows​​​​​​

The euro is stronger against the yen but weaker versus sterling, while the Australian dollar is struggling to move higher against the greenback.

Pound Source: Adobe images

​​​EUR/JPY testing recent highs

EUR/JPY has moved higher over the past three sessions, and is once again on the cusp of challenging the ¥163.64 area that has remained as resistance since August.

​Beyond this lies the 200-day simple moving average (SMA), currently ¥164.48. Recent weakness found support around ¥162.00, halting any new move to the downside for now.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

​EUR/GBP back to September lows

​A volatile period over the past month has now taken the price back to the September lows with EUR/GBP, leaving the downtrend of the past year firmly intact.

​The bounce in early October fizzled out around £0.84, and this was followed up by more selling. Support around £0.8313 continues to hold for now, but a break below this brings the 2022 lows into view. Any rebound in the short-term needs to close above £0.84 to indicate some medium-term strength.

EUR/GBP chart Source: TradingView.com
EUR/GBP chart Source: TradingView.com

​AUD/USD edges higher

​The US dollar continues to have the edge over its Australian counterpart in the short-term with AUD/USD, and despite two attempts to rebound, the downward move remains in place from the October highs.

​Buyers are once again attempting to push the price higher, lifting it from the overnight six-week lows. The uptrend of recent months is clinging on for now, and positive divergence in daily stochastics is providing some hope of a recovery.

​Weakness in early September found support around the 200-day SMA, so a close below this could indicate a bigger drop.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

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