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​EUR/USD, GBP/USD stay side-lined while USD/JPY grinds higher​ 

​​​EUR/USD, GBP/USD stay side-lined while USD/JPY grinds higher as investors await further tariff news.​​

Written by

Axel Rudolph

Axel Rudolph

Market Analyst

Article publication date:
GBP Source: Adobe images

​​​EUR/USD remains side-lined

EUR/USD continues to trade sideways between last Monday's high of $1.1573, which is near the $1.1603 low from November 2020, and Wednesday's low of $1.1308.

Resistance is noted at the 11 April high of $1.1473, with minor support below $1.1308 around the mid-April low of $1.1265.

​​​EUR/USD daily chart

EUR/USD chart Source: TradingView

GBP/USD still range trades

Last Tuesday, GBP/USD formed a minor top at $1.3424 before slipping to Wednesday's low of $1.3234, above which it has been trading sideways since.

Above the $1.3424 high lies the February 2022 low at $1.3487, and below the $1.3234 level, minor support may be found around the 3 April high of $1.3207.

GBP/USD daily chart

GBP/USD chart Source: TradingView

USD/JPY grinds higher

USD/JPY remains near one-week highs while approaching minor resistance at the 9 April low of ¥143.99. Above this level, the 4 April low at ¥144.55 may also act as minor resistance.

Minor support is situated at the 11 April low of ¥142.06.

USD/JPY daily chart

USD/JPY chart Source: TradingView

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