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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

EUR/USD, EUR/JPY and GBP/USD resume their ascent

​​​EUR/USD, EUR/JPY and GBP/USD resume their ascent​ amid Bank of England (BoE) and Fed talk.​

EUR Source: Getty Images

​​​EUR/USD resumes its rally

EUR/USD resumes its ascent and tries to overcome last week's high at $1.0895, above which beckons the March peak at $1.0981.

​Immediate upside pressure will be maintained while Friday's low at $1.0836 underpins. Further minor support can be seen along the breached downtrend line at $1.0824.

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

​GBP/USD rally continues

GBP/USD trades in two-month highs with the $1.29 region in focus.

​Potential slips may find support around Friday's low at $1.2645.

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

​EUR/JPY continues to rise

EUR/JPY's recovery from Thursday's ¥167.34 low has taken it towards the ¥170.00 mark.

​The cross remains immediately bullish while above ¥167.34.

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

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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