EUR/GBP, GBP/USD hold steady ahead of BoE meeting while USD/JPY rises further still
EUR/GBP, GBP/USD hold steady ahead of BoE meeting while USD/JPY rises further still despite verbal currency intervention.
EUR/GBP rally takes a breather
EUR/GBP trades around the 200-day simple moving average (SMA) at £0.8603. Above Wednesday's high at £0.8618 lies the £0.8644 April high.
Minor support sits at the 3 May high at £0.8586.
GBP/USD nears support
GBP/USD may still reach the $1.2466 early May low.
While it holds, though, the March-to-April tentative downtrend line at $1.2606 may still be revisited, as well as last week's high at $1.2635.
Below $1.2466 lies the 26 April low at $1.2449.
USD/JPY on track for fourth straight day of gains
USD/JPY gradually advances towards the ¥160.00 region. Immediate upside pressure will remain in play while Tuesday's low at ¥153.87 underpins.
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