USDJPY looks for support
 

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The yen continues to fight back after weeks of dominance from the greenback. Traders have been on their toes as the pair slowly attempts its way back to the psychological 150.00 level. A rejection at the recent peak above 154.00 saw prices move lower, which triggered several short-term positions. From the daily chart’s perspective, 152.50 now becomes a dynamic support as bulls will see their control seriously challenged if the price falls into the 151.50-150.80 range.
 

AUDUSD remains subdued
 

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The Australian dollar continues to slide after giving up most of October’s gains. After prices fell past 0.6550, a fall below 0.6480 invalidated the latest rebound and suggests that the bears are still in the driver’s seat. 0.6500 is the first obstacle to lift before bulls can push back. Otherwise, the fear of catching a falling knife could amplify losses and send the Aussie to a multi-month low at 0.6400.
 

UK 100 falls from peak
 

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The FTSE, as well as many other global indices, fell lower over concerns about the future valuation of AI and tech stocks. The index is seeking support around 9600, which is critical in maintaining the bullish rally. The RSI’s neutral situation attracted some buying interests, as sentiment remains cautious as the bulls attempt to clear the 9720 zone. Further down, 9520 is a crucial level to prevent a bearish continuation in the short term.

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