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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

​​​EUR/GBP, EUR/JPY, USD/JPY try to stabilize ahead of FOMC​​​

​​​EUR/GBP, EUR/JPY, USD/JPY try to stabilize, at least on Tuesday, ahead of the US FOMC meeting.​​

JPY Source: Adobe images

​​​EUR/GBP under pressure

EUR/GBP remains below its 55-day simple moving average (SMA) at £0.8462 and revisits Wednesday's £0.8423 low. Below it lie the 6 September £0.8412 low and the June-to-July lows at £0.8398-to-£0.8378.

A rise above £0.8465 would likely target minor resistance at the 19 August low at £0.8509. 

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

​EUR/JPY tries to level out

EUR/JPY is trying to stabilize above its ¥154.42 early August low and revisit Thursday's high at ¥157.51.

Were it to be bettered, the 10 September high at ¥158.64 would be back in sight. 

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

​USD/JPY trades above 9-month low

USD/JPY flirts with the minor psychological ¥140.00 region, below which lie Monday's low at ¥139.59 and the 28 July 2023 low at ¥138.07. 

Resistance can now be spotted at the 5 August low at ¥141.70.

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

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