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

After the turmoil earlier in the week, FX markets are seeing some cautious risk appetite.

EUR/USD consolidates its gains

EUR/USD has continued to rally, moving back to the $1.14 level. A move above here would suggest another attempt to clear the $1.15 area.

A turn lower targets $1.138 and then the $1.13 zone again.

EUR/USD chart

EUR/USD chart

GBP/USD on the up for now

GBP/USD has recovered from the flash crash, and is back above $1.267. Further gains target the area around $1.28, and the 50-day simple moving average (SMA) at $1.2775.

A close below $1.26 is needed to suggest a renewed push lower, towards $1.2528 and then $1.2475.

GBP/USD chart

GBP/USD chart

Short-term bounce boosts USD/JPY

USD/JPY has clambered steadily higher over the past two days, but now it is at risk of rolling over and heading lower once again. Rising support from the ¥106.50 level has held for now, so this needs to be broken to open the way to the downside, targeting ¥106.50 and then ¥105.00.

Meanwhile, a bounce targets potential resistance at ¥108.50.

USD/JPY chart

USD/JPY chart


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.

See an opportunity to trade?

Go long or short on more than 16,000 markets with IG.

Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

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.