EUR/GBP bounces off support while EUR/JPY, USD/JPY rallies pause – IG

The EUR/GBP has rebounded from a support level, while the rallies in EUR/JPY and USD/JPY have paused.

The EUR/GBP pair has seen a bounce after hitting a support level, indicating a potential shift in momentum. Meanwhile, the rallies in both EUR/JPY and USD/JPY have slowed down, suggesting a period of consolidation or a potential reversal in the near future.

Traders will be closely monitoring these currency pairs for any further developments, as they could signal upcoming trends in the forex market.

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