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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​​EUR/GBP slips while EUR/JPY and USD/JPY remain bid

​​EUR/GBP slips while EUR/JPY and USD/JPY remain bid as the yen continues to weaken despite verbal BoJ intervention.

Yen Source: Getty Images

​​​EUR/GBP slips

The EUR/GBP Monday failure marginally below the key £0.8484-to-£0.8503 resistance area at £0.8478 has been followed by a slide back towards the 19 June low at £0.843.

​​More important support can be seen at £0.8398, below which sits the £0.8389 mid-August 2022 low.

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

​EUR/JPY pauses in 7-week highs

EUR/JPY remains above the 3 June high at ¥170.89 while trying to reach the April peak at ¥171.58 which remains in sight. A rise above it would engage the ¥174.74 August 1992 peak.

​​Minor support can be found in the ¥170.29-to-¥170.14 region.

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

​USD/JPY hits a fresh 7-week high

USD/JPY advances further and so far made a seven-week high at ¥159.93, above which beckons the April peak at ¥160.21.

​​Minor support sits at the ¥158.25 mid-June high.

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

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