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Forex: EUR/GBP extends decline to 1-week low

The euro extended losses versus the pound during the New York session as the British currency strengthened across the board and dragged EUR/GBP to a 1-week low.

EUR/GBP fell as low as 0.8620 in recent dealings before finding support and bouncing slightly. At time of writing, EUR/GBP is trading around 0.8625, still down 0.7% on the day.

If the pair falls below 0.8620, next supports are seen at 0.8600 (psychological level) and 0.8575 (Feb 26 low). On the other hand, resistances in case of bounces could be found at 0.8685 (intraday high), 0.8700 (psychological level) and 0.8745 (Mar 13 high).

Forex: GBP/JPY jumps above the 144.50

The Sterling is joining an upside sentiment in the last few minutes and against the Japanese Yen, the pair has been launched to trade at daily highs at 144.65, looking for test the March 8th high at 144.75. Currently the pair is pricing at 144.45.
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