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Forex: GBP/USD breaches 1.5200

FXstreet.com (Barcelona) - The sterling breached the key 1.5200 handle on Friday after being rejected at 1.5220, falling to the current region of 1.5180/85

Thin trade would be the main characteristic of the session due to Good Friday holiday, although market participants remain cautious about the events from Italy, as P.L.Bersani and G.Napolitano will hold a meeting at 1000GMT.

As of writing, the pair is down 0.03% at 1.5184 facing the next support at 1.5112 (low Mar.28) ahead of 1.5092 (low Mar.27) and finally 1.5090 (low Mar.21).
On the upside, a break above 1.5207 (high Mar.26) would bring 1.5280 (high Mar.25) en route to the psychological level of 1.5300

Forex: USD/JPY held by support at 94.00

Very low volume is allowing pairs to make sudden moves. The USD/JPY has just fell from 94.14 to test support at 94.00, printing a low at 93.95. During the Asian shift, data in Japan was published but no particular movement was observed besides sideways positioning at 94.00/15 range.
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Forex: USD/CHF peaks at 0.9512 ahead of European opening

A sudden jump allowed a move from 0.9488 to 0.9512 high, but profit taking pulled the USD/CHF to the psychological level at 0.9500. The market is now trading sideways, around yesterday’s closing price. Risk-off flows on Wednesday, in anticipation to the Cypriot bank reopening, had sent the pair to 0.9553 high. A successful procedure yesterday, with capital controls in place, pulled the market to retrace all those gains.
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