EUR/GBP, USD/JPY remain bid while GBP/USD stays under pressure
EUR/GBP, USD/JPY remain bid while GBP/USD stays under pressure as UK bond volatility shows no sign of abating while traders await US non-farm payrolls.
EUR/GBP remains bid
EUR/GBP's swift advance briefly exceeded its August low at £0.8400 and took the cross to £0.8406 on Thursday. This level is now in sight. If overcome, the October peak at £0.8447 would be eyed next.
Minor support below the 26 November high at £0.8364 sits at the 24 October £0.8352 high.
GBP/USD trades in 13-month lows
GBP/USD slid to an over 1-year low at $1.2239 on Thursday. Below it beckons the $1.2200 region.
Minor resistance can be spotted at the 2 January $1.2553 low.
USD/JPY tries to overcome the ¥158.00 mark
USD/JPY has its 8 January ¥158.08 six-month high in its sights. A rise above this level would put the ¥160.00 region on the cards.
Minor support below Thursday's ¥156.45 low can be seen at the late December ¥156.03 low.
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