EUR/USD, GBP/USD rallies stall while USD/JPY recovers further still
EUR/USD, GBP/USD rallies stall while USD/JPY recovers further still as US dollar stabilises.
EUR/USD range bound
EUR/USD is now range trading between Monday's $1.1573 high, made close to the $1.1603 November 2020 low, and Wednesday's $1.1308 low.
Resistance sits at the 11 April high at $1.1473 and minor support below $1.1308 around the $1.1265 mid-April low.
EUR/USD daily chart
GBP/USD advance takes a breather
GBP/USD formed a minor top at $1.3424 on Tuesday before slipping to $1.3234. This level is currently back in view while the $1.3434 high caps. Further up lies the February 2022 low at $1.3487.
Minor support below the $1.3234 sits around the 3 April $1.3207 high.
GBP/USD daily chart
USD/JPY bounces further still
USD/JPY is trading in one week highs whilst approaching minor resistance at the 9 April ¥143.99 low. Above this level the 4 April low at ¥144.55 may also act as minor resistance.
Minor support sits at the 11 April low at ¥142.06.
USD/JPY daily chart
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