Both Euro and GBP end the week on a positive note.

Euro/USD: The Euro continued its short term recovery today and after consolidating throughout the morning session between 1.2900 and 1.2940 values broke decisively to the upside. This saw values accelerate to a peak of 1.3029 before finishing in and around the 1.2997 region.

GBP/USD: The GBP burst into life in the afternoon following a relatively quiet morning’s trading between resistance at 1.5243 and support in the 1.5200 area. As values burst through this upper boundary the market accelerated to a peak in the 1.5327 region prior to finally closing in and around 1.5304.

Euro/JPY: The Euro remained steady against the JPY today and despite early strength being restricted by resistance in the 12560 area pullbacks proved limited with willing buyers being uncovered in the 12387 region. The market bounced once more with the European day coming to a conclusion in and around 12523.

GBP/Euro: A really quiet sideways and consolidatory session was experienced as the GBP and Euro basically tracked each other closely effectively keeping prices trapped between support at 1.1737 and resistance in the 1.1799 area. The European trading week finally closed in and around the 1.1767 region.