EUR/GBP, EUR/JPY hold above support while USD/JPY trades sideways ahead of US NFPs
EUR/GBP, EUR/JPY hold above support while USD/JPY trades sideways ahead of widely anticipated US non-farm payrolls.
EUR/GBP bounces off support
EUR/GBP bounced off the £0.8271 to £0.8260 support zone and may reach Tuesday's £0.8312 high. Further up meanders the 55-day simple moving average (SMA) at £0.8337. Only a rise above it would target last week's high at £0.8375 as well as the late August low at £0.8400.
A fall through £0.8260 would target the £0.8250 mid-August 2022 low.
EUR/GBP daily chart
EUR/JPY hovers above support
EUR/JPY's bounce off the August to December uptrend line at ¥156.18 took it to Thursday's ¥159.39 high. Below this level the cross short-term consolidates.
Minor resistance now comes in at the 22 November ¥159.91 low.
EUR/JPY daily chart
USD/JPY sideways trades
USD/JPY still tries to recover from Tuesday's ¥148.65 low but remains below the 55-day SMA at ¥150.60. Above it lies the 6 November low at ¥151.30 and the 200-day SMA at ¥151.93.
Below ¥148.65 low the 8 October low can be found at ¥147.35.
USD/JPY daily chart
The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
