CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

FX levels to watch: EUR/USD, GBP/USD and USD/JPY

Brexit news has lifted GBP/USD, while USD/JPY continues its steady push higher and EUR/USD bounces from channel support.

EUR/USD rallies off channel lows

EUR/USD continues to trade in a downward channel, with a rebound off the lower bound in evidence over the past few days.

Further gains will head towards $1.135, and the upper bound of the channel.

GBP/USD surges off trendline support

Last night’s deal in Brussels gave GBP/USD the strength to rally off rising trendline support, creating another higher low.

Further gains target the $1.335 high from 27 February, and a move above this creates a new higher high. An overnight pullback towards $1.32 has found buyers, which may see fresh gains above $1.325.

USD/JPY still in uptrend

USD/JPY continues to adhere to the rising trend from January, with dips to ¥111.00 over the past few days finding support. Fresh gains target ¥112.12, the highs from last week.

A move below ¥110.80 would provoke a more bearish view, bringing ¥110.40 into view as possible support.


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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.

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