​​​AUD/USD rally is taking a breather

AUD/USD's sharp rally off its $0.6349 low is still gunning for its July high at $0.6798. Minor support is now seen between the May peak at $0.6714 and the 12 June high at $0.6704.

AUD/USD chart Source: TradingView.com AUD/USD chart Source: TradingView.com

​EUR/JPY stays side-lined

EUR/JPY continues to range trade below the 200-day simple moving average (SMA) at ¥164.02 and above the ¥160.00 level. Further minor support is seen at the 12 August low at ¥159.83. ​Downside pressure should be maintained while the 200-day SMA caps.

EUR/JPY chart Source: TradingView.com EUR/JPY chart Source: TradingView.com

​USD/JPY remains under pressure ​

USD/JPY's sharp drop from its ¥161.95 early July high to its ¥141.70 early August low has been followed by a bounce to last week's high at ¥149.40. From there it so far dropped to ¥144.46 with further downside looking probable.

USD.JPY chart Source: TradingView.com USD.JPY chart Source: TradingView.com