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USD/NOK stages crushing decline

The 1-hour USD/NOK MACD series is sitting at extreme lows.

Recent plummeting USD/NOK price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.

EUR/GBP rockets to meet heavy supply, testing 0.74 handle

EUR/GBP is currently trading at 0.7408 with a high of 0.7442 and a low of 0.7349.
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USD/JPY recovers ground above 119.00

USD/JPY rose more than 60 pips from daily lows and trimmed losses. The pair weakened after US employment data surprised to the downside and boosted the demand of the yen across the board amid risk version and a rally in government bonds.
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