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

While USD/JPY presses on towards a key trendline, EUR/USD has paused and GBP/USD is looking to recover after a hectic day yesterday.

EUR/USD falters near $1.18

Having broken out from its descending trendline a few days ago, the price for EUR/USD has continued to gain, but moves towards $1.18 have brought out the sellers.

From here, $1.1850 is the next major level, and then $1.1996. A drop below $1.1730 would break the steep trendline support that has held since the end of June.

GBP/USD recovers from volatile Monday

Sterling has rebounded slightly after yesterday’s volatile session, and GBP/USD continues to hold the $1.32 area.

A sustained recovery targets the Monday high at $1.3350, and then on to $1.3470. A close below $1.32 would then suggest a move back towards $1.3040.

USD/JPY looks to break recent highs

USD/JPY has recovered, and is looking to challenge the ¥111.40 high from late May.

The price is also now close to challenging the downtrend line from the 2015 high, which would come into play around ¥111.60. A drop back towards ¥110.60 might see buyers emerge.

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 full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.