EUR/JPY Intraday: Rebound. The pair has formed a double-bottom pattern.
Currently, it has rebounded and is challenging the 20-period moving average,
while the relative strength index is about to cross above the neutrality level
of 50. As long as the key support at 121.67 holds, the pair should target 122.47
and 122.71 on the upside. Alternatively, a break below 121.67 would open a path
to 121.27 on the downside.
EUR/GBP Intraday: Towards 0.8599. The pair maintains a bullish bias above the key support at 0.8512. Currently, it is lingering around both the 20-period and 50-period moving averages, and the relative strength index is hovering around the neutrality level of 50. Above the key support at 0.8512, expect a bounce to 0.8580 and 0.8599. Alternatively, a break below 0.8512 would trigger a decline to 0.8480.
EUR/GBP Intraday: Towards 0.8599. The pair maintains a bullish bias above the key support at 0.8512. Currently, it is lingering around both the 20-period and 50-period moving averages, and the relative strength index is hovering around the neutrality level of 50. Above the key support at 0.8512, expect a bounce to 0.8580 and 0.8599. Alternatively, a break below 0.8512 would trigger a decline to 0.8480.
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