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GBP/USD sellers taking a chance - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the pound surged up to 1.5735 against the dollar.

Key Quotes:

“Sellers took their chances, pushing the pair back towards a daily low of 1.5619”.

“The GBP/USD pair consolidated in a 40 pips range for most of the last session near mentioned low, maintaining the overall bearish tone”.

“Short term, the 1 hour chart shows price below its 20 SMA as momentum heads lower below 100 and RSI stands flat at 42”.

“In the 4 hours chart 20 SMA presents a strong bearish slope, having capped the upside around mentioned high, while indicators turn slightly up well into negative territory”.

EUR/AUD testing bottom of channel’s range

EUR/AUD is trading at 1.4291, down -0.02% on the day, having posted a daily high at 1.4297 and low at 1.4287.
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Japan PM Abe and FinMin Aso agree on need to delay sales tax hike - NHK

NHK - Nippon Hōsō Kyōkai (Japan Broadcasting Corporation) - reports that Japan PM Abe and FinMin Aso have come to an agreement on the need to delay a planned sales tax hike, with the question now being when they are considering the consumption tax to be implemented.
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