GBP/USD, EUR/JPY and USD/JPY continue to grind higher
GBP/USD, EUR/JPY and USD/JPY continue to grind higher ahead of Wednesday’s FOMC minutes and US CPI data release.
GBP/USD remains bid
GBP/USD grapples with the 55-day simple moving average (SMA) at $1.2668 and the March-to-April downtrend line at $1.267. Above these levels beckons last week's high at $1.2684 and the 22 February high at $1.271.
Minor support sits at Friday's $1.2574 low.
EUR/JPY grinds higher
EUR/JPY is trying to overcome Thursday's ¥164.91 high , a rise above which would engage the 20 March high at ¥165.35.
Minor support can be found at the ¥163.41 beginning of April high.
USD/JPY nears its 34-year high
USD/JPY is still heading towards its 34-year high at ¥151.97, a rise above which and the ¥152.00 mark would target the ¥153.60 July 1987 peak.
Minor support lies in the ¥150.88-81 region.While ¥150.27 underpins, an upside bias remains in play.
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