EUR/USD rebounds and USD/JPY stuck below resistance
While the euro has rebounded against the dollar, the greenback is edging higher against the yen, though it remains below resistance from late February.

EUR/USD
Hopes of a low were bolstered by yesterday’s bounce, which saw the EUR/USD price move back to $1.08. A further move higher today would support the bullish view and target the recent highs at $1.0950 and then potentially higher. A reversal back below yesterday’s low would suggest a further pullback in the February-March uptrend.

USD/JPY
USD/JPY has spent most of the week knocking up against the ¥151.00 level, the high from the beginning of the month. A reversal back below ¥150.00 might signal that a top has formed for now. Further gains target the ¥154.00 highs from early February.

This information has been prepared by IG, a trading name of IG Markets Limited. 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