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Forex Flash: Gilts target upside breakout – RBS

According to Technical Markets Strategist Dymtro Bondar at RBS, “The price of Gilts has been testing 20-day MA, however it didn’t manage to break this region and instead stayed in the range of 115.90 – 116.75, as momentum remained neutral (the 20/5/5/3 slow stochastic is slightly oversold, though that is not a strong indication of extreme conditions).”

“While there are no clear signals suggesting a break in either direction, a continuation of the range is expected for the time being. However, as the 20-day MA has been the main technical limiting factor, if it gets broken, an upside move to 117.00/20 can be triggered.” Bondar notes.

Forex: USD/JPY erases gains around ECB publications

As the ECB were to reveal its decision on the interest rates for February, the USD/JPY quickly erased its gains, rolling down to the opening price (91.64) surrounding area. The pair has gone as high as 93.92 during the European morning.
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Forex: EUR/CHF clings to 1.2320 after ECB

The pair is holding on to the proximities of 1.2320 on Thursday, after the ECB statement was in line with previous estimates. The Swiss franc has been appreciating against the euro since...
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