EUR/JPY Price Analysis: Weakness expected to persist below the 200-day SMA.

EUR/JPY picks up some upside traction and regains 138.00.The immediate target appears at the 200-day SMA (140.45).EUR/JPY manages to leave behind four consecutive daily drops and reclaims the area beyond 138.00 the figure on Wednesday.Despite the daily bounce, the cross still trades under pressure and the door remains open to another probable visit to recent lows in the 137.40/35 band (January 3).

The outlook for EUR/JPY is expected to remain negative while below the 200-day SMA, today at 140.45.

EUR/USD extends gains above 1.0600 ahead of US data, Fed Minutes

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Gold jumps 1.50% to fresh seven-month highs above $1,860

Gold price is trading close to the highest level in seven months above $1,860, catching a fresh bid in the European session. The US Dollar bears refuse to give up, tracking the sell-off in the Treasury yields amid a risk-on market environment. Key US events awaited. 

Gold News 

GBP/USD rallies toward 1.2100 amid unabated US Dollar selling

GBP/USD is accelerating toward 1.2100 in the early European morning. Risk flows dominate and accentuate the US Dollar downside amid a sell-off in the US Treasury yields. US ISM PMI and Fed Minutes in focus.

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