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CFDs are complex instruments. 70% 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.

FX levels to watch: EUR/USD, GBP/USD, USD/JPY

Euro and sterling revive, but USD/JPY still moving higher.

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EUR/USD holds $1.15 again

A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday.

A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would target $1.1850.

EUR/USD price chart

GBP/USD rises on Brexit optimism

Yet more Brexit headlines rocked sterling yesterday, but it was enough to push GBP/USD further above $1.28 support.

From here, we'll start to see the $1.3040 level, along with downtrend resistance from the May highs. A drop below $1.2773 brings the $1.26 level into view.

GBP/USD price chart

USD/JPY still on the up

USD/JPY has been pushing steadily higher over the past few days, although a close above ¥111.80 still eludes it.

Above this, ¥112.20 and then ¥113.00 come into view. A close below ¥110.70 would be needed to suggest more near-term weakness.

USD/JPY price chart

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