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EUR/GBP accomplishes and closes below key SMA

There is a downside risk in EUR/GBP implied by a rate cross below the 200-period SMA on a 4hr resolution.

Having traded above the key moving average for over 15 trading days at least, the signal should open the gates for move towards the 800-SMA.

USD/JPY off highs, keeps 103.00 ahead of ADP

The Japanese currency keeps depreciating vs. its American counterpart on Wednesday, lifting USD/JPY to fresh tops above the 103.00 handle. USD/JPY at
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EUR/JPY upside could reach 118.37/45 – Commerzbank

In view of Axel Rudolph, Senior Technical Analyst at Commerzbank, the cross could attempt another test of the 118.37/45 area. Key Quotes “EUR/JPY is
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