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Forex Flash: EUR/JPY damaged and aiming at 117.29 then 114.07 - Commerzbank

Commerzbank analysts agree that the recent sell off was damaging and would allow for an extension of losses to 117.29 then 114.07 (38.2% and 50% retracements of the move up from November) while a slight rebound from the 55-day MA (at 119.62) remains plausible.

"Intraday rallies should now find resistance at 122.16, 123.22 (minor Fibonacci retracements) and should remain capped by 125.36 for a negative bias to be maintained (high from 25th February)", wrote analyst Karen Jones.

Forex Flash: What lies ahead of EUR/USD? – Commerzbank, UBS and Westpac

The single currency continues to trade in the vicinity of 1.3000/15 on Monday, ahead of a measure of the investor’s confidence in the euro area by the Sentix index...
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Forex: GBP/USD recovers the mark of 1.5038/41

The GBP/USD has found traction above the 1.5020 level Monday, refusing to budge much below this region (1.5018 session low). In recent minutes the pair has recovered the mark of 1.5038/41, testing the threshold into positive territory and operating near opening levels.
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