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Forex Flash: EUR/USD may be supported post BoJ - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC notes that near term, EUR/USD may be looking slightly more supported post-BOJ, although undue upside may be lacking at this juncture after the less than inspiring comments from Draghi and soft services PMIs.

He expects the pair to continue to orbit the 200D MA at 1.2894 in the interim with markets likely range bound ahead of US NFPs. Looking to GBP/USD he notes that with the BoE remaining static and not undertaking additional QE, and some encouragement from the services PMI, GBP/USD also ticked higher in line with the other majors on Thursday. he writes, “Expect the pair to find some support on dips in the near term but the prospect of further QE into the middle of this year may see the pair running out of breath on approach of the 55-day MA (1.5349) multi-session.”

Forex Flash: GBP/USD with tough resistance at 1.5269 – Commerzbank

The GBP/USD has held the initial test of the 1.5028 20th March low after trading through the 20 day moving average. “We have yet to see a close below the 20 day ma at 1.5122 and yesterday’s outside day to the topside suggests that the market is reluctant to break down yet”, wrote analyst Karen Jones, adding that while capped by the 1.5269 June 2012 low, they will maintain an immediate bearish bias. “Once the close below the 20 day ma has been seen this should be enough to trigger another leg lower to the psychological 1.5000 region then the 1.4832 March low”, continued the Commerzbank analyst, pointing to longer term target at 1.4229 (2010 low) while 1.5269 is tough resistance (June 2012 low).
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Forex Flash: Commodity Currencies mixed in outlook - UBS

UBS strategists Geoffrey Yu and Gareth Berry have taken a technical look at today´s commodity currencies and note a mixed outlook.
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