EUR/JPY support in the 111.00/05 area has given way despite “semi-official” buying from Kampo on the way lower. Just like the heavy central bank buying all the way down in EUR/USD today, it has not been able to turn the tide, showing how strong today’s selloff is.
For EUR/USD, the next level of support is the 1.3335 level, the top put in place in early August.
AUD/USD has broken the neckline of its head and shoulders at the 0.9744, suggesting a medium-term top is in place in that pair.
