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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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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​​​EUR/GBP, EUR/JPY, USD/JPY try to stabilize ahead of FOMC​​​

​​​EUR/GBP, EUR/JPY, USD/JPY try to stabilize, at least on Tuesday, ahead of the US FOMC meeting.​​

JPY Source: Adobe images
Forex Japanese yen USD/JPY EUR/JPY EUR/GBP Euro
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​EUR/GBP under pressure

EUR/GBP remains below its 55-day simple moving average (SMA) at £0.8462 and revisits Wednesday's £0.8423 low. Below it lie the 6 September £0.8412 low and the June-to-July lows at £0.8398-to-£0.8378.

A rise above £0.8465 would likely target minor resistance at the 19 August low at £0.8509. 

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

​EUR/JPY tries to level out

EUR/JPY is trying to stabilize above its ¥154.42 early August low and revisit Thursday's high at ¥157.51.

Were it to be bettered, the 10 September high at ¥158.64 would be back in sight. 

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

​USD/JPY trades above 9-month low

USD/JPY flirts with the minor psychological ¥140.00 region, below which lie Monday's low at ¥139.59 and the 28 July 2023 low at ¥138.07. 

Resistance can now be spotted at the 5 August low at ¥141.70.

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

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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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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