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.

EUR/USD, GBP/USD and USD/JPY all move higher

EUR/USD, GBP/USD and USD/JPY all made headway to the upside yesterday, with some stalling of momentum today.

EUR/USD looking for a new move higher

Buyers will be hoping that yesterday’s bounce of EUR/USD markets the beginning of a move towards $1.18 and higher, replicating the August rally.

Sellers meanwhile will look for a renewed drop that can push the price back below $1.17 and reinforce the bearish view.

GBP/USD pauses after bounce

Yesterday’s GBP/USD action seems to have put the pair back on an upward footing, and as a result more gains in the direction of $1.38 seem likely.

Sellers have a big job reversing this view, with a decline back below $1.365 needed to suggest another test of the $1.36 support area.

USD/JPY heads higher

USD/JPY has moved back to the ¥110.50 zone, and now we wait to see if it can stage a breakout after stalling around this level several times since July.

Further gains target ¥111.50, the late June peak.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.