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

While the euro tries to move above $1.24 again, USD/JPY is struggling to move on from ¥107.00.

EUR/USD edges higher

The dip buying goes on here, as it has all week for EUR/USD, with the last two days seeing fresh momentum around $1.2340.

The next targets to watch for are $1.2411 and then $1.25. Below $1.2340, $1.23 comes into view, with further support at $1.22 and $1.2165.

GBP/USD remains under pressure

The busy week for UK data has halted the GBP/USD rally, at least for now, but the creation of a new high on Tuesday still suggests the broader direction of travel is higher.

Possible areas of support can all be found at $1.4145, $1.4070 and then $1.40. While $1.43 and then $1.4361 are the next targets on the upside.

USD/JPY struggles to rally

USD/JPY continues its attempts to break higher, but while it has managed to clear the Wednesday high around ¥107.30, the price then faltered at ¥107.50.

Further declines target ¥107.10, and then ¥106.90. The next big support level after this is ¥106.60. We need to see a move above ¥107.50 and then ¥107.80 to have a more bullish outlook here.

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