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Forex: GBP/USD regains 1.5300 ahead of UK data

FXstreet.com (Barcelona) - The sterling recovered from yesterday sell-off and is back around the key mark at 1.5300 on Tuesday, ahead of inflation figures in the UK economy for the month of March. Prior surveys signal an annual expansion of the CPI of 2.8% and 2.3% for the Core print. Producer price Index and Retail Prices are also due.

Ahead in the week, the pound would remain under pressure, as the BoE minutes are due tomorrow alongside the unemployment rate. On Thursday, UK retail sales are expected to contract 0.5% YoY in March.

GBP/USD is now advancing 0.15% at 1.5308 with the next resistance at 1.5341 (low Apr.12) followed by 1.5409 (high Apr.12) and then 1.5412 (high Apr.11).
On the other hand, a breach of 1.5294 (low Apr.10) would bring 1.5270 (MA10d) and finally 1.5251 (low Apr.9).

Asian markets refrain from risk after terrorist attack in the US

Mainland China’s Shanghai Composite (-0.20%), Japan’s Nikkei Stock Average (-0.06%) and Hong Kong’s Hang Seng (-0.47%) fell today, resuming yesterday’s mood and taking some risk off the market after the US bombings in Boston, but South Korea’s Kospi (+0.12%) edged higher.
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Forex: USD/JPY rebounding after 95.83 low

Following its lowest price, at 95.83, following the terrorist attack in Boston, the USD/JPY bounced back to 97.00 area during the Asian session. The market reached as high as 97.71, and as investors get ready for the European session, the pair is climbing the chart again back to those highs.
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