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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.

​​​EUR/GBP slips while EUR/JPY, USD/JPY bounce back from lows​​​

​​EUR/GBP slips as BoE keeps rates on hold while EUR/JPY, USD/JPY bounce back from lows​

EUR Source: Adobe images

​​​EUR/GBP slips

EUR/GBP slid to the June-to-July lows at £0.8398-to-£0.8378 which are offering support. Further sideways trading is at hand while this support area holds. 

Were this not to be the case, the 22 November 2021 trough at £0.8373 would be in focus.

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

​EUR/JPY remains short-term bid

EUR/JPY still has late August low at ¥160.02 in focus.

Minor support can be spotted at the 12 September high at ¥157.51.

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

USD/JPY stabilizes above 9-month low

​USD/JPY's minor bounce from Tuesday's ¥142.46 low reached the ¥143.45-94 region, above which lies the ¥147.21 early September high.

Minor support still sits at the ¥141.70 August low.  

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

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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