Daily Technical Analysis：EUR/USD、USD/JPY

Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and USD/JPY. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. EUR/USD Analysis:
News Summary:
On Thursday, the European Central Bank lowered the deposit mechanism interest rate by 25 basis points to 3.00% at its last policy meeting in 2024, in line with market expectations; this was its fourth rate cut during the year, with a cumulative reduction of 100 basis points, bringing the benchmark interest rate to 2023. The lowest level since March this year. In its statement, the ECB dropped its argument that interest rates would remain sufficiently restrictive, hinted at the possibility of further cuts and warned that economic growth would be weaker than its previous forecast.

Trend Analysis:
We can see EUR/USD encountered resistance and pulled back and ran below the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar expand below the zero axis. The sell limit could be used, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.0390]
Key Resistance Levels: [1.0550]
Pivot Points [1.0500]

2. USD/JPY Analysis:
News Summary:
Sources familiar with the Bank of Japan's thinking said the BOJ is leaning toward keeping interest rates unchanged next week as policymakers tend to spend more time examining overseas risks and clues about wage growth next year. Any similar decision would increase the likelihood that the Bank of Japan will raise interest rates at its meeting in January or March, when more information will be available on wage increases next year. Some on the committee still believe Japan has met the conditions for a rate hike in December.

Trend Analysis:
We can see USD/JPY H4 level fluctuated and rebounded and moved above the 48-day long-short dividing line. On the other hand, the MACD double line and energy column are diverging and shrinking above the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [151.70]
Key Resistance Levels: [154.40]
Pivot Points [152.50]