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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.

Renewed risk appetite lifts EUR/USD, GBP/USD and USD/JPY​​​​​​​

While the euro and sterling are making gains against the dollar, the greenback has edged higher against the yen.

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​​​EUR/USD selling halted

EUR/USD is pushing higher at the start of the week, halting the drift lower that dominated the past four sessions.

​A higher close today would help to stabilise the outlook and put the buyers back in charge, opening the way to $1.095 and then $1.10. Sellers will want to see a close back below $1.09 to signal that some more near-term weakness is possible.

EUR/USD chart Source: ProRealTime
EUR/USD chart Source: ProRealTime

​GBP/USD rally stalls below $1.28

​While GBP/USD has pushed higher for three days, having bottomed out for the time being at $1.27, it has encountered selling below the 50-day simple moving average (SMA).

​A close above $1.28 helps to support the bullish view, while a reversal today and close back below $1.274 would suggest another test of recent lows around $1.268.

GBP/USD chart Source: ProRealTime
GBP/USD chart Source: ProRealTime

​USD/JPY edges higher

​A modest rebound with USD/JPY continues here after the slump from the record highs.

​For now gains have been halted below ¥148.00, but a close above this helps to suggest a push towards ¥150.00 and the 200-day SMA. However the risk of a turn higher still seems higher, so any close back below ¥146.00 could put the price back on course for the recent lows.

USD/JPY chart Source: ProRealTime
USD/JPY chart Source: ProRealTime

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