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.

Will dollar strength continue for EUR/USD, GBP/USD and USD/JPY?

EUR/USD, GBP/USD, and USD/JPY have been driven by the recent dollar resurgence. But will that continue?

​EUR/USD downturn looks likely to continue

EUR/USD has been on the slide following a bearish reversal breakdown seen earlier this morning.

The drop below $1.1737 seemingly paves the way for a more bearish phase, with further losses expected from here. That bearish outlook remains in play unless we see a break through the $1.1687 resistance level.

GBP/USD consolidating after recent losses

GBP/USD has seen plenty of downside over the course of September thus far, with the pair set on a new path with the break below $1.3053.

​That bearish trend looks likely to continue despite the current consolidation, with a rise through $1.3007 required to negate that outlook.

USD/JPY rise could result in another leg lower before long

USD/JPY has been on the rise over the course of the past week, with the dollar coming back into prominence after a period of weakness.

For this pair, we have a clear wider downtrend in play, and that remains the case despite short-term gains. With that in mind, another leg lower remains the most likely event unless we see a break above the ¥106.55 swing high. Watch for a break below the ¥105.24 level to bring a bearish picture into play once again. Until then, the short-term uptrend remains in play.​


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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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