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

EUR/GBP has rebounded from its support level, while EUR/JPY and USD/JPY have seen their rallies come to a temporary halt. The bounce in EUR/GBP suggests that the pair may be finding some strength after hitting a support level. On the other hand, both EUR/JPY and USD/JPY have paused in their upward movement, indicating a potential consolidation in the near term. Traders will be keeping a close eye on these currency pairs to see if they resume their rallies or if they enter a period of consolidation.

Comments (0)
Add Comment