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Forex: EUR/JPY back above 126.00

The shared currency strengthened during the European session and resumed the upside versus the yen after sliding to a 2-day low of 124.75. EUR/JPY has risen nearly 180 pips within the last hours, piercing the 126.00 hurdle to hit a high of 126.54 in recent dealings.

At time of writing, EUR/JPY is trading at the 126.50 zone, where it posts a 0.6% daily gain. As for technical levels, next resistances are seen at 126.92 (high Feb 12), 127.00 (psychological level) and 127.45 (high Feb 7). On the other hand, supports could be found at 126.00 (psychological level), 125.50 (10-day SMA) and 124.75 (intraday low).

Forex: GBP/USD steady around 1.5570 after digesting BoE report and King speech

The GBP/USD is highly pressured today after this London morning's BoE Quarterly Inflation Report and Governor Mervyn King's speech. After falling strongly to 1.5534 low, the market is trading steady around 1.5570.
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Forex: EUR/USD rallies above 1.3500 after talks of G-20

After pressing higher during the European morning, the EUR/USD finally returned to the 1.3500, hitting several market orders that allowed a move to 1.3520. The same reasoning is applied for the quick plunge to 1.3480 that followed. The pair continues to surround the 1.3500 handle.
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