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

Euro and sterling revive, but USD/JPY still moving higher.

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EUR/USD holds $1.15 again

A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday.

A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would target $1.1850.

GBP/USD rises on Brexit optimism

Yet more Brexit headlines rocked sterling yesterday, but it was enough to push GBP/USD further above $1.28 support.

From here, we'll start to see the $1.3040 level, along with downtrend resistance from the May highs. A drop below $1.2773 brings the $1.26 level into view.

USD/JPY still on the up

USD/JPY has been pushing steadily higher over the past few days, although a close above ¥111.80 still eludes it.

Above this, ¥112.20 and then ¥113.00 come into view. A close below ¥110.70 would be needed to suggest more near-term weakness.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa 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. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.