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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, 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.​​​

USD/GBP Source: Adobe images

​​​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.

EUR/GBP chart Source: TradingView
EUR/GBP chart Source: TradingView

​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.

GBP/USD chart Source: Tradingview
GBP/USD chart Source: Tradingview

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.

USD/JPY chart Source: Tradingview
USD/JPY chart Source: Tradingview

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