GBP/USD, EUR/JPY and USD/JPY continue to grind higher
GBP/USD, EUR/JPY and USD/JPY continue to grind higher ahead of Wednesday’s FOMC minutes and US CPI data release.
GBP/USD remains bid
GBP/USD grapples with the 55-day simple moving average (SMA) at $1.2668 and the March-to-April downtrend line at $1.267. Above these levels beckons last week's high at $1.2684 and the 22 February high at $1.271.
Minor support sits at Friday's $1.2574 low.
EUR/JPY grinds higher
EUR/JPY is trying to overcome Thursday's ¥164.91 high , a rise above which would engage the 20 March high at ¥165.35.
Minor support can be found at the ¥163.41 beginning of April high.
USD/JPY nears its 34-year high
USD/JPY is still heading towards its 34-year high at ¥151.97, a rise above which and the ¥152.00 mark would target the ¥153.60 July 1987 peak.
Minor support lies in the ¥150.88-81 region.While ¥150.27 underpins, an upside bias remains in play.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. 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.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
