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EUR/USD, GBP/USD rise further still while USD/JPY slips towards ¥140.00 region​

​​​EUR/USD, GBP/USD rise further still while USD/JPY slips towards ¥140.00 region​ amid renewed US dollar weakness.​

Written by

Axel Rudolph

Axel Rudolph

Market Analyst

Article publication date:
Forex Source: Adobe images

​​​EUR/USD advances further 

EUR/USD is once again gunning for its February 2022 peak at $1.1495. 

​Potential slips below Tuesday's $1.1265 low may find support in the $1.1155-to-$1.1146 region. Further down lies last Monday's $1.0882 low which may also act as support. 

EUR/USD chart Source: TradingView

​GBP/USD rises to 7-month high 

​GBP/USD is on track for its seventh straight day of gains from last Monday's $1.2709 low whilst targeting the February 2022 low at $1.3487. 

​Potential slips may find support around the late October and early November highs at $1.3048-to-$1.3043 ahead of the $1.3015 mid-March high.

GBP/USD chart Source: TradingView

​USD/JPY slides further

USD/JPY continues its descent towards the ¥140.00 region. 

Minor resistance remains to be seen at last week's ¥144.56 low. 

Only a currently unexpected rise above Wednesday's ¥148.28 high would lead to the late March low at ¥148.70 ahead of the 12 March high at ¥149.20 being targeted.

USD/JPY chart Source: TradingView

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