AUDUSD bounces off support. EURJPY can't get above trend line resistance, but support below.
The AUDUSD made a double bottom at the Monday low before the US employment report. the rally after the NFP took the price to the 38.2% retracement at the 0.7642 level. There is other support at the 0.7600 area. To go higher the pair needs to get above the 0.7634 level. This is the swing lows from June 10 and June 16 and then the 0.7642 level which is the 38.2%. A battle is being waged..
For the EURJPY the 100 hour MA and topside trend line has been a thorn in the buyers over the last few days. The price can get above the 100 hour MA at 136.65 but it runs into the trend line (currently at 136.82). ON the downside, the lower trend line at the 136.07 and the 50% and the 135.93 are support. This pair needs to make up its mind. The pairs is up testing the 100 hour MA now. Can it stay below?
