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Forex: USD/JPY backs away from highs, still rangebound

The dollar edged lower against the yen at the beginning of the New York session, pulling back from a 1-week high, despite the ISM New York index came in better than expected for February.

However, USD/JPY remains well within its intraday range, lacking momentum either side of the board. At time of writing, USD/JPY is quoting around 93.35, 0.3% below its opening price.

From a technical view, Valeria Bednarik, chief analyst at FXstreet.com thinks that the 93.20/93.80 range will likely persist over current American session, with the upside seem limited as long as price stands below the 94.10 area. Bednarik locates immediate support levels at 93.20, 92.70 92.40 while she sees resistances at 93.80, 94.10 and 94.50.

Forex: USD/CAD trading positively at 1.0285/91

After peaking at 1.0311 (intraday maximum) during European trading, the USD/CAD has edged lower into the US session. Despite losing its grasp on the 1.0300 level however, the pair has hung onto positive territory and in these moments is trading at 1.0285/91, up +0.13% from its opening.
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Forex: EUR/GBP supported around 0.8630

Today's downside is stalling at 0.8630 surrounding area that is offering support against an extended drop. The EUR/GBP was trading sideways during Asian time but then started moving increasingly lower, eager to retrace Friday's gains.
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