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Forex: EUR/USD keeps pushing higher, eyes on 1.3400

The single currency is hovering over the area around 1.3390/3400 as the NA session is drawing to a close and the risk appetite is creeping back to the markets.

Ahead of Wednesday’s docket in the euro area, inflation figures in Germany are due ahead of French Business Climate and CPI. Italian industrial orders/sales would follow, and a German 10-year bond auction will close the day.

The cross is now advancing 0.27% at 1.3387 with the next resistance at 1.3393 (high Feb.15) followed by 1.3401 (MA10d) and then 1.3415 (hourly high/low Feb14).
On the downside, a breach of 1.3307 (low Feb.15) would expose 1.3286 (low Jan.24) en route to 1.3276 (MA55d).

Forex: USD/JPY slides to fresh daily low

USD/JPY turned back lower during the New York session, after a recovery attempt was capped by the 93.65 area. The pair broke below the 100-hour SMA and hit a fresh daily low of 93.28. However, USD/JPY found fresh support at the 200-hour SMA and it is currently trading at the 93.30 zone, recording a 0.7% daily loss.
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Forex: GBP/JPY falls to 144.00

The Sterling is trading under pressure on Tuesday and against the Japanese yen is not the exception. The GBP/JPY fell around 100 pips in the American session from 144.95 to trade at intra-day lows at 1143.85 where the pair has found support.
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