EUR/USD has fallen below the 200-day simple moving average (SMA) after a brief rally in October. The pair has been on a downward trend since late September and has not been able to regain broken trendline support.
On the other hand, GBP/USD is showing resilience and has a positive outlook. It has formed a higher low and despite dropping below the early September low of $1.30, it has since recovered with short-term bullish sentiment intact unless it reverses below $1.2970.
USD/JPY has stalled just below the ¥150.00 mark after reaching that level last week. The bullish momentum has diminished, indicated by declining daily stochastics, but sellers have not gained significant traction yet. The price is still above the August peak at ¥149.40, and a close below this level could trigger further selling pressure. Bulls are hoping for a close above ¥150.00, which could lead to a challenge of the 200-day SMA.