JPY/ISK Price & Performance (JPYISK)

The EUR/GBP pair has continued its upward momentum, marking its eighth consecutive day of gains. Resistance levels are seen near January's peak at £0.8473. Meanwhile, EUR/JPY reached a two-month high, and USD/JPY experienced a minor recovery from its recent lows, reflecting mixed trends in forex markets.1

The Dow Jones Industrial Average broke a four-day losing streak, buoyed by strong performances in tech and banking stocks. Nvidia led gains with a 4.5% rise. Despite the rally, the index remains below its 200-day EMA, signaling cautious optimism as it hovers near correction territory.2

The USD/MXN pair dropped to 19.84, its lowest level in four months, as bearish sentiment prevails. Analysts point to further downside potential, with support levels at 19.67 and 19.50. Economic uncertainty and slowing manufacturing in the U.S. are contributing factors to the Mexican peso's strength.2