Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

​​Small gains for AUD/USD and EUR/JPY but EUR/GBP probes trendline support​

​​AUD/USD is attempting to edge higher after its recent losses, while the euro is rallying against the yen but falling against sterling.

Video poster image

​​​AUD/USD edges off lows

AUD/USD has pushed slightly higher in early trading but remains in a firmly bearish move.

​​It is currently fighting to hold above the May lows, with further losses below this likely to open the way to the $0.636 level, and then on down to the lows at $0.627.

​​After the size of the move from the July highs, the price may now see some short-term consolidation, though it will need a move back above $0.655 to suggest that a low is in place for the time being.

AUD/USD chart Source: ProRealTime
AUD/USD chart Source: ProRealTime

​EUR/JPY pushes higher

​After a wobble earlier in the week the price of EUR/JPY has made headway again.

​​After breaching the June and July highs, the price is now clear to make further gains towards ¥168.95, the highest level since 2008. Overall bulls appear to be firmly in control, with the 50-day SMA providing some short-term support, as we saw in July.

​A short-term pullback would target the 50-day simple moving average (SMA), or down to the ¥154.00 level.

EUR/JPY chart Source: ProRealTime
EUR/JPY chart Source: ProRealTime

​EUR/GBP testing trendline support

​The EUR/GBP's price has fallen this morning and is breaking below trendline support from the July low.

​​This could mark a fresh bearish turn, and open the way to £0.855 and down to the July lows at £0.85, giving fresh strength to the bearish view for the pair, which had seemed to come under pressure following the pair’s rebound from the July lows.

​​A recovery back above £0.86 might suggest that trendline support remains in place and that a move towards £0.87 could now be contemplated.

EUR/GBP chart Source: ProRealTime
EUR/GBP chart Source: ProRealTime

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Find out more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.