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Forex: GBP/USD back below 1.5300

FXstreet.com (Barcelona) - The upside in the sterling has once again faltered in the proximity of the 55-day moving average around 1.5330, currently falling below the key support of 1.5300.

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, “GBP/USD’s correction higher has touched its 55 day ma at 1.5330 and is stalling there. Between here and the 38.2% retracement of the move seen this year at 1.5420, we should ideally see failure”. However, the expert added that a visit to the area of 1.5600 should not be ruled out.

As of writing the cross is up 0.23% at 1.5291 with the next resistance at 1.5364 (high Apr.5) followed by 1.5426 (38.2% of Jan-Mar decline) en route to 1.5452 (high Feb.20).
On the flip side, a dip below 1.5204 (MA10d) would aim for 1.5199 (low Apr.5) and finally 1.5137 (MA21d).

Forex: EUR/CHF testing 1.2200 level

The EUR/CHF has been an unusual market mover today, building off of yesterdays advance to test the 1.2200 level during US trading Tuesday. While operating off its session highs of 1.2215, the cross has managed to notch a gain of +0.22% in these moments.
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Forex Flash: Missile test imminent in North Korea? – Deutsche Bank

Tensions on the Korean peninsula took another turn for the worse yesterday after the North announced the indefinite suspension of the joint industrial Gaesong complex along the border. The industrial park, located about an hours drive away from Seoul, is seen as a symbol of North-South Korean co-operation and is also an important source of foreign currency income for the North. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “South Korea provides USD $90m in annual wages paid directly to Pyongyang through laborers employed within the industrial zone.” North Koreans employed in the complex reportedly did not turn up for work this morning.
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