EURUSD

EURUSD traded slightly higher today after it fell yesterday to 1.0760, the lowest since early July, stable now at 1.0791. Consumer confidence in EZ remained negative in October at 12.5. Busy way ahead from EZ
with the release of PMI numbers in services manufacturing from Germany, France EZ. USD strength
remained robust.

Traders started buying from the last support, targeting 1.0810 which is doable, then 1.0836
1H chart. Such a technical correction is highly probable, supported by bullish 1H trend index.

USDJPY

USDJPY fell today by 0.41 traded lower at 152.15 after it increased yesterday above 153, the highest in three months. Pressure on the Yen intensified due to higher US bond yields strong DXY that traded at
104.130, the strongest in almost three months. We keep an eye on Tokyos inflation numbers later today. In the meantime, Japans PMI services manufacturing fell more than the estimates in October 2024.

Traditional behavior by day traders started after 1H RSI was overbought, further correction to 151.75 is highly probable, however be careful as the trend index has not yet become bearish .

GBPUSD

As the traders kept watching BoEs governor Bailey comments, the attention is likely to start shifting to more
macroeconomic numbers today that include services manufacturing PMI, consumer confidence in the UK and BoE monetary policy report hearings by the House of Commons. GBPUSD traded slightly higher today at 1.2929, not far from the weakest…