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GBP/USD still capped below 1.6000 - FXStreet

FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik points out, GBP/USD rose as high as 1.5998 so far on Monday, unable to overcome the 1.6000 level.

Key quotes

"Technically, the 1 hour chart shows price above a flat 20 SMA, RSI turning lower below 50 and momentum aiming slightly higher right above 100, showing little directional strength."

"In the 4 hours chart however, the bearish tone prevails with price well below a strongly bearish 20 SMA and indicators turning back south in oversold levels, after a limited upward correction, keeping the pressure to the downside."

Brazil election: Runoff between Dilma Rousseff and Aecio Neves in three weeks - ING

Gustavo Rangel from ING comments on the outcome of the first round of Brazilian general elections revealing president Dilma Rousseff's narrow lead over center-right former president of the Brazilian Social Democracy Party Aecio Neves, whom she will have to face in a runoff in three week's time.
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USD/JPY retreats further, eyes 109.00

USD/JPY remains under pressure Monday, and continues to pullback from the 110.00 area as the greenback corrects lower after Friday’s rally.
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