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Forex: EUR/GBP – capped at 0.8520 resistance

FXstreet.com (London - In the absence of drivers, EUR/GBP has moved attracted bids towards strong resistance offered by the 55 day ma and the 2013 downtrend at 0.8522/34.

The market is looking to the pair for a direction in Sterling, as the dollar has made some prominent advances today against the pound. With strong resistance, and with a light calendar ahead of inflation BoE report, the pair is oscillating 0.3% on the session. Support is seen at 0.8469, and 0.8443 with heavy support around the figure 0.8405.

Forex Flash: AUD/USD could incur range flip and break lower – ANZ

The technical bias has been that AUD/USD formed a structural top in 2011, from which a prolonged, corrective consolidation pattern is still forming. According to Tom Riddell, Head of Global Markets Research at ANZ, “Persistent failure to sustain levels above 1.06 confirmed both range resistance and the broader corrective patterns. For the past ten months, AUD/USD has been contained within an effective 1.01-1.06 range.”
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Forex: USD/JPY keeps pushing, eyes on 102.00

The USD rally has resumed its momentum on Tuesday, lifting the cross closer to the key resistance at 102.00 bolstered by the increasing risk aversion....
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