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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.

AUD/USD, GBP/USD and USD/JPY resume their ascents post US CPI and FOMC

AUD/USD, GBP/USD and USD/JPY are heading back up again as US inflations slows and despite hawkish FOMC.

USD Source: Getty Images

AUD/USD surge is taking a breather

AUD/USD swift rally has taken it towards its May peak at $0.6714, a rise and daily chart close above which will put the December peak at $0.6871 on the map.

Minor support can now be found around the 5 June low at $0.6627.

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

GBP/USD targets the $1.10 mark

GBP/USD recovery from its $1.2694 to $1.2676 support zone has taken it to above its early June highs, so far to $1.2861, while having the $1.2894 to $1.2996 zone in its sights.

Minor support is seen at the 22 May high at $1.2761.

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

USD/JPY bounces back

USD/JPY once again ran out of steam below its late May peak at ¥157.7 and on Wednesday slid to ¥155.72, close to the March-to-June uptrend line at ¥155.56.

As long as it holds, this week's high at ¥157.4 will be in sight.

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

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