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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/USD, EUR/JPY and GBP/USD resume their ascent

​​​EUR/USD, EUR/JPY and GBP/USD resume their ascent​ amid Bank of England (BoE) and Fed talk.​

EUR Source: Getty Images
Forex EUR/USD GBP/USD EUR/JPY Japanese yen United States dollar
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​EUR/USD resumes its rally

​EUR/USD resumes its ascent and tries to overcome last week's high at $1.0895, above which beckons the March peak at $1.0981.

​Immediate upside pressure will be maintained while Friday's low at $1.0836 underpins. Further minor support can be seen along the breached downtrend line at $1.0824.

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

​GBP/USD rally continues

​GBP/USD trades in two-month highs with the $1.29 region in focus.

​Potential slips may find support around Friday's low at $1.2645.

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

​EUR/JPY continues to rise

EUR/JPY's recovery from Thursday's ¥167.34 low has taken it towards the ¥170.00 mark.

​The cross remains immediately bullish while above ¥167.34.

EUR/JPY chart Source: TradingView.com
EUR/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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