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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

​​EUR/GBP, GBP/USD hold steady ahead of BoE meeting while USD/JPY rises further still​ ​

​​​EUR/GBP, GBP/USD hold steady ahead of BoE meeting while USD/JPY rises further still​ despite verbal currency intervention.​

Source: Getty Images

EUR/GBP rally takes a breather

EUR/GBP trades around the 200-day simple moving average (SMA) at £0.8603. Above Wednesday's high at £0.8618 lies the £0.8644 April high.

​Minor support sits at the 3 May high at £0.8586.

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

GBP/USD nears support

GBP/USD may still reach the $1.2466 early May low.

​While it holds, though, the March-to-April tentative downtrend line at $1.2606 may still be revisited, as well as last week's high at $1.2635.

​Below $1.2466 lies the 26 April low at $1.2449.

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

​USD/JPY on track for fourth straight day of gains

USD/JPY gradually advances towards the ¥160.00 region. Immediate upside pressure will remain in play while Tuesday's low at ¥153.87 underpins.

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

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