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Forex: EUR/JPY briefly dips below 129.00

FXstreet.com (Córdoba) - The yen extended gains across the board and briefly dragged EUR/JPY below 129.00, as worse-than-expected US housing data set in cautious among investors.

EUR/JPY accelerated to the downside, having dropped over 170 pips throughout the day, and hit a low of 128.90 before the 100-hour SMA offered support. At time of writing, EUR/JPY is trading around 129.30, where it posts a 0.9% daily loss.

Below 128.90, next support for the cross could be found at 128.04/00 (Apr 19 low/psychological level), while on the other hand, resistances are seen at 130.15 (20-hour SMA) and 130.65 (daily high).

Forex: GBP/JPY falls on option trading but is held by 151.00

Today’s upside was limited to 152.23 high in both attempts Asian and London sessions. However, options trading in strengthened the Yen enough to pull the GBP/JPY to as low as 150.91, being supported by the 151.00 mark. The cross is now bouncing progressively, currently at 151.30.
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Forex: AUD/USD finds support below 1.0240

The Aussie dollar extended its intraday decline to sub 1.0240 levels, where buying interest has now lifted the cross back to the mid 1.0250s...
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