YER/GBP Price & Performance (YERGBP)

The EUR/GBP currency pair has surged for an eighth consecutive day, approaching resistance at £0.8434-£0.8447. Further gains could test the January peak of £0.8473, while support may be found at the 200-day SMA of £0.8381. This rally reflects ongoing strength in the Euro against the Pound.1

EUR/JPY reached a two-month high at ¥161.78, nearing resistance at ¥162.68-¥162.95. Meanwhile, USD/JPY rebounded after nearing ¥146.49, with resistance expected around ¥148.57-¥148.65. These shifts come as Japanese business sentiment weakens in Q1, impacting currency performance.1

EUR/JPY and USD/JPY movements are closely monitored. EUR/JPY may face resistance at ¥162.95, while USD/JPY eyes ¥148.65. EUR/GBP continues its upward trend, nearing critical levels. Traders are assessing these developments alongside broader market sentiment and technical indicators.1