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Forex: GBP/USD breaches the 1.5300 handle

FXstreet.com (Barcelona) - The sterling is closing the session in the red territory on Monday, dragged lower after a bout of risk aversion sent the cross to the area of 1.5285/90.

Moving forward to Tuesday’s docket in the British economy, the consumer prices will be in the limelight. Prior surveys expect the CPI to rise 2.8% on a year to March and the Core reading to rise 2.3% YoY. Producer Prices and Retail Prices are also due.

As of writing, the cross is down 0.35% en 1.5290 with the next support at 1.5278 (MA10d) followed by 1.5252 (MA50d) and finally 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5341 (low Apr.12) would target 1.5409 (high Apr.12) en route to 1.5412 (high Apr.11).

Forex: USD/CHF trades above 0.9300 and tests intra-day highs

After bottoming at intra-day low at 0.9265, the USD/CHF has been trading in recovery mode with the pair advancing around 50 pips to trade above the 0.9300 region and test the intra-day high at 0.9310. Currently the pair is trading at 0.9307.
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Forex: USD/JPY falls hard to test 97.05; 10-day low

The Dollar is currently trading lower against the Japanese Yen with the USD/JPY sinking around 100 pips in the last hour from 98.15 to break down the 97.60 and reach fresh lowest level since April 5 at 97.05.
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