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Forex Flash: Cable tests 1.53 technical objective of double top - BBH

Brown Brothers Harriman analysts note that GBP/USD has tested the technical objective of the double top pattern.

They add, barriers struck at 1.53 have been triggered and it bounced back, though the 1.5335-50 area is now likely to offer resistance. On the downside, the next support is seen in the 1.5235-70 area, ahead of 1.52 itself.

Forex: EUR/USD dips to session lows around 1.3340

Increasing risk aversion dominating the global markets are punishing the risk-associated assets on Wednesday, dragging the cross from the area around 1.3430 to sub 1.3340 levels, ahead of the FOMC minutes due later...
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Forex Flash: Local press play down Muto as next BoJ Governor - BBH

Brown Brothers Harriman analysts note that the local press have started to talk down the chances of Muto becoming the next BoJ Governor.
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