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Forex: GBP/USD trades flat above 1.5100

After being rejected by the 1.5200 area, GBP/USD retraced intraday gains and even printed a fresh low of 1.5093, weighed by better-than expected US services-sector ISM. Being unable to define a fresh direction, GBP/USD was confined to a consolidation phase that has extended over the last hours.

At time of writing, GBP/USD is trading at the 1.5115 zone, virtually unchanged since opening. As for technical levels, if the cross manages to overcome the 1.5195/1.5200 area, next resistances are seen at 1.5220 (high Feb 28) and 1.5300 (psychological level). On the other hand, supports could be faced at 1.5105 (intraday low), 1.5050 and 1.5000.

Forex Flash: EUR/USD caught in ranges ahead of ECB and payrolls - UBS

The European PMI releases confirmed the unusually strong divergence between strong German growth and a very soft French and Italian growth, says the UBS analyst team. "EURUSD nevertheless stood little changed above the key resistance of 1.30".
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Forex: EUR/GBP recovers to 0.8630

After falling from 0.8635 to 0.8585, 1-week low, the GBP/USD has been trading on recovery mode with the pair rising to test the 0.8630 level. Currently the pair is trading at 0.8625, 0.12% above opening price.
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