EUR/USD fell on Thursday because of the dovish comments of the European Central Bank. The ECB lowered inflation and growth forecasts and increased issue share limit: the central bank may now hold 33% of a bond issue vs. 25% earlier. The pair met support of the 100-day MA in the 1.1100 area.
GBP/USD continues declining hitting the next target at 1.5245 (50% of the April-June advance). Further support is at 1.5200 and 1.5170/50. Resistance is at 1.5330, 1.5360 and 1.5400.
USD/JPY is facing resistance of the 50% Fibo of the August decline and 200-day MA (120.70/77). It seems like the pair’s under bearish pressure below this area. Further resistance is in the 121.70 zone. Support is at 119.60 and 119.30.
AUD/USD is trying to hold above the psychological level of 0.7000. After weak GDP came weak retail sales. The pair is oversold and there is bullish divergence on H4. Still, no big moves are expected until the NFP release. Resistance is at 0.7060, 0.7100 and 0.7128. Support is at 0.6950 and 0.6900.
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