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.