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FX levels to watch – EUR/USD, GBP/USD, USD/JPY

While the euro tries to move above $1.24 again, USD/JPY is struggling to move on from ¥107.00.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

EUR/USD edges higher

The dip buying goes on here, as it has all week for EUR/USD, with the last two days seeing fresh momentum around $1.2340.

The next targets to watch for are $1.2411 and then $1.25. Below $1.2340, $1.23 comes into view, with further support at $1.22 and $1.2165.

GBP/USD remains under pressure

The busy week for UK data has halted the GBP/USD rally, at least for now, but the creation of a new high on Tuesday still suggests the broader direction of travel is higher.

Possible areas of support can all be found at $1.4145, $1.4070 and then $1.40. While $1.43 and then $1.4361 are the next targets on the upside.

USD/JPY struggles to rally

USD/JPY continues its attempts to break higher, but while it has managed to clear the Wednesday high around ¥107.30, the price then faltered at ¥107.50.

Further declines target ¥107.10, and then ¥106.90. The next big support level after this is ¥106.60. We need to see a move above ¥107.50 and then ¥107.80 to have a more bullish outlook here.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.