EUR/USD and GBP/USD rally as USD/JPY falls

Dollar weakness has energised rallies in EUR/USD and GBP/USD, while USD/JPY is suffering heavy losses.

EUR/USD climbs in early trading

EUR/USD keeps on rallying, maintaining the strong uptrend that has been in play over the past few days.

Having cleared $1.14 the price looks set for more gains, with pullbacks towards $1.13 like to be buying opportunities.

GBP/USD rally back in action

The GBP/USD price has rallied from $1.25, reviving the uptrend of the first part of the month.

Further gains target the peaks from last week, at $1.265. A reversal below $1.258 might suggest that a lower high is in place and that another drop that tests yesterday’s lows may develop.

USD/JPY hit hard in early trading

The USD/JPY price has begun a sharp move lower, as the bounce from Friday’s lows gives way to more losses.

A test of those lows at ¥106.70 now looks likely, and below this a new lower low comes into view. A push above ¥107.40 is needed to break above this week’s lower high and break trendline resistance from the late-June high.


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.