EUR/GBP comes under pressure, but AUD/USD and EUR/JPY keep rising
While the euro is retreating against sterling, it has rallied versus the yen. Meanwhile, AUD/USD is moving higher once more.
![USD/GBP](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/Adobe_USD_GBP_26-06-2024.jpg/jcr:content/renditions/original-size.webp)
EUR/GBP slumps
A reversal continues here with EUR/GBP, taking the pair back below the 200-day simple moving average (SMA).
A continuation of the losses will target £0.8492, the peak of 1 July and the top end of the gap down from early June. A close below this reinforces the view that the price is headed lower. Buyers would ideally want a close back above the 200-day SMA to avert this bearish case.
![EUR/GBP chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/images/charts/2024/08/13/EURGBP_130824.png/jcr:content/renditions/original-size.webp)
AUD/USD pushes through 200-day MA
A brief wobble on Friday and Monday saw the price of AUD/USD stumble at the 200-day SMA, but it is pushing higher once again today.
A close above the 200-day SMA bolsters the bullish view and helps to argue for further gains in the direction of $0.67. Sellers will want a reversal back below $0.655 to suggest a new leg lower has begun.
![AUD/USD chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/images/charts/2024/08/13/AUDUSD_130824.png/jcr:content/renditions/original-size.webp)
EUR/JPY moves higher
Fresh gains have carried the price back towards ¥162.00 with EUR/JPY, maintaining the recovery from last week’s lows.
A close above ¥162.00 would put the price on course to test ¥163.64, highs from November and February, and then the 200-day SMA (currently ¥164.00).
![EU/JPY chart](http://a.c-dn.net/c/content/dam/igcom-websites/en_GB/images/charts/2024/08/13/EURJPY_130824.png/jcr:content/renditions/original-size.webp)
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