EUR/USD, GBP/USD bounce off support while EUR/GBP is side-lined
EUR/USD, GBP/USD bounce off support as US dollar retreats while EUR/GBP is side-lined.
EUR/GBP sideways trades
EUR/GBP range trades above Friday's £0.8269 low. Below it sits the current November trough at £0.8260, a level last traded in April 2022.
The 55-day simple moving average (SMA) at £0.8350 continues to act as minor resistance. A rise above it would target last week's high at £0.8375 as well as the late August low at £0.8400.
EUR/GBP daily chart
GBP/USD bounces off support
GBP/USD recovers from last week's six-month low at $1.2488 with last week's high at $1.2715 remaining in sight.
Support above last week's low at $1.2488 can now be seen at the mid-November $1.2597 low.
GBP/USD daily chart
The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
