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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

​GBP/USD, EUR/JPY and USD/JPY continue to grind higher​

​​​GBP/USD, EUR/JPY and USD/JPY continue to grind higher​ ahead of Wednesday’s FOMC minutes and US CPI data release.​

Euro Source: Bloomberg

​​​GBP/USD remains bid

GBP/USD grapples with the 55-day simple moving average (SMA) at $1.2668 and the March-to-April downtrend line at $1.267. Above these levels beckons last week's high at $1.2684 and the 22 February high at $1.271.

​Minor support sits at Friday's $1.2574 low.

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

​EUR/JPY grinds higher

EUR/JPY is trying to overcome Thursday's ¥164.91 high , a rise above which would engage the 20 March high at ¥165.35.

​Minor support can be found at the ¥163.41 beginning of April high.

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

​USD/JPY nears its 34-year high

USD/JPY is still heading towards its 34-year high at ¥151.97, a rise above which and the ¥152.00 mark would target the ¥153.60 July 1987 peak.

​​Minor support lies in the ¥150.88-81 region.​While ¥150.27 underpins, an upside bias remains in play.

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

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