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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.

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

Euro and sterling revive, but USD/JPY still moving higher.

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EUR/USD holds $1.15 again

A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday.

A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would target $1.1850.

GBP/USD rises on Brexit optimism

Yet more Brexit headlines rocked sterling yesterday, but it was enough to push GBP/USD further above $1.28 support.

From here, we'll start to see the $1.3040 level, along with downtrend resistance from the May highs. A drop below $1.2773 brings the $1.26 level into view.

USD/JPY still on the up

USD/JPY has been pushing steadily higher over the past few days, although a close above ¥111.80 still eludes it.

Above this, ¥112.20 and then ¥113.00 come into view. A close below ¥110.70 would be needed to suggest more near-term weakness.

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