EUR/USD surges to 4-month high, GBP/USD to 1-year high while EUR/JPY slumps
EUR/USD surges to 4-month high, GBP/USD to 1-year high while EUR/JPY slumps ahead of Thursday’s ECB meeting.
![Euro](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/Adobe_EUR_26-06-2024.jpeg/jcr:content/renditions/original-size.webp)
![EUR/USD chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/charts/2024/07/18/EURUSD_2024-07-18_06-12-49.png/jcr:content/renditions/original-size.webp)
GBP/USD trades in 1-year highs
GBP/USD has overcome $1.30 and so far trades in 1-year highs at $1.3045. Further up beckons the 18 July 2023 peak at $1.3126.
Minor support is seen at the $1.2996 27 July 2023 high and further minor support at the $1.2894 8 March high.
![GBP/USD chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/charts/2024/07/18/GBPUSD_2024-07-18_06-14-01.png/jcr:content/renditions/original-size.webp)
EUR/JPY drops
EUR/JPY slips further from its ¥175.42 multi-decade high and so far dropped to the ¥170.00 mark which offers at least short-term support.
Minor resistance can now be seen at the 12 July low at ¥171.47, ahead of the 16 July high at ¥172.92.
![EUR/JPY chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/charts/2024/07/18/EURJPY_2024-07-18_06-16-11.png/jcr:content/renditions/original-size.webp)
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