Skip to content

Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en. Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en.

No results found

View more search results

1 2 3 4 5 6 7 8 9 10
Related search: Market Data
Market Data Type of market
See all Market data search results >

EUR/GBP dips while GBP/USD resumes its ascent and AUD/USD grapples with resistance

​​​​EUR/GBP dips while GBP/USD resumes its ascent and AUD/USD grapples with resistance amid ongoing US tariff talks with several countries.

Forex Source: Adobe images

Written by

Axel Rudolph

Axel Rudolph

Market Analyst

Article publication date:

​​​EUR/GBP dips 

EUR/GBP's drop through the 10 April £0.8520 low has so far taken it to £0.8487, close to the January high at £0.8473 which may act as minor support. 

​Because of inverse polarity the recent daily lows at £0.8520-to-£0.8531 may now act as resistance ahead of the more important  £0.8613-to-£0.8623 resistance zone.  

​Only if overcome, would the December 2023 peak at £0.8714 and the current April peak at £0.8738 high be back in sight. 

​​​EUR/GBP daily chart

EUR/GBP chart Source: TradingView

​GBP/USD resumes its ascent 

GBP/USD has resumed its ascent and in doing so has risen above last week's high at $1.3424 with the February 2022 low at $1.3487 representing the next upside target. 

​Minor support sits at Monday's $1.3280 low ahead of Wednesday's $1.3234 low.

​​​GBP/USD daily chart

GBP/USD chart Source: TradingView

​AUD/USD grapples with resistance 

​AUD/USD is still trying to break through its February-to- April highs at $0.6388-to-$0.6439, having recovered from Thursday's $0.6344 low.  

​The 200-day simple moving average (SMA) at $0.6459 represents the next upside target but may short-term cap. 

Below $0.6344 slithers the 55-day SMA at $0.6300.​​

​​​AUD/USD daily chart

USD/JPY chart Source: TradingView

Markets

Share CFDs

Forex

Indices

Commodities

Other markets

Trading platforms

Web platform

Trading apps

TradingView

MetaTrader 4

ProRealTime

Compare features

Demo

Learn to trade

News and trade ideas

Trading strategy

About

Charges and margins

Premium services

Refer a friend

Marketing partnerships

Corporate accounts

Contact us

New clients: 0800 195 3100 or email sales.en@ig.com

Clients: Help & Support

WhatsApp: Click here to chat to us on our official WhatsApp channel, 10am to 7pm (UTC+10), Monday to Friday

 

IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG Group established in London in 1974, and is a constituent of the FTSE 250 index.

 

The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 71% of retail client accounts lose money when trading CFDs, with this investment provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.

CFD Accounts provided by IG International Limited. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

IG provides an execution-only service. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for 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.

The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited.