EURUSD was little changed today, traded at 1.0890 amid bearish sentiments, kept falling since last September. Economic sentiments in EZ improved in October by 20.1, stronger than before and the industrial production grew by 1.8 in August MoM after the contraction in July, thats not bad for EUR bulls. ECBs President Lagarde will deliver speech later today before big Thursday ECB rate decision.

Price action broke the second support, edging lower to the last one which is likely to be executed today almost done, then 1.0845. The technical diagram is almost done, so the reversal may happen soon.

USDJPY stabilized traded unchanged today at 149.22. One of BoJs board members clarified that the conditions are already in place to normalize the monetary policy, which means that BoJ may start hiking the rates. At the same time, new Japanese Prime Minister showed opposition to further rate hikes. Japans exports imports will be due later today.

Price action is still heading higher with lower velocity, targeting the last major resistance at 150. 147.50 146 are important support levels. Positive channel persists.

GBPUSD Is the inflation in the UK going to change the markets sentiments towards GBP? GBPUSD was unchanged today at 1.3073, waiting for CPI, PPI retail price index numbers later today. The forecasts showed weaker inflation, thats what the BoE aims for. Weaker inflation in the UK may trigger faster rate cuts than expected by BoE.

Trading remained sideways 1H RSI is…