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EUR/GBP, EUR/JPY side-lined while AUD/USD is capped by resistance

​​​EUR/GBP, EUR/JPY side-lined while AUD/USD is capped by resistance​ amid stabilising US dollar.

Written by

Axel Rudolph

Axel Rudolph

Market Analyst

Article publication date:
Forex Source: Adobe images

​​​EUR/GBP stays side-lined 

EUR/GBP still range trades above last Tuesday's £0.8526 low, made close to the 10 April £0.8520 low, and below Monday's and last week's highs at £0.8613-to-£0.8623 which cap.  

​If bettered, the December 2023 peak at £0.8714 and the current April peak at £0.8738 high would be eyed.

EUR/GBP chart Source: TradingView

​EUR/JPY still side-lined 

​EUR/JPY continues to oscillate around the 200-day simple moving average (SMA) at ¥161.45 whilst trading below the December-to-April major resistance area at ¥164.08-to-¥164.90.  

​Below last Tuesday's ¥161.30 low, minor support can be spotted between the ¥160.74 21 March low and the 55-day SMA at ¥160.18.

EUR/JPY chart Source: TradingView

​AUD/USD capped by key resistance 

​AUD/USD trades back below the February-to-early April highs at $0.6388-to-$0.6408, having briefly dipped to $0.6344 on Thursday.  

​The 200-day SMA at $0.6464 remains in sight, though. 

Below $0.6344 meanders the 55-day SMA at $0.6292.

AUD/USD chart Source: TradingView

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