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Forex Flash: EUR/USD manages to hold 1.30 support - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that EUR/USD has managed to hold above 1.3000 support in recent sessions and the pair may continue to base build around these levels pending the G20.

He notes that the 55-day MA (1.3098) is expected to serve as an immediate resistance before 1.3190 while on the downside, a move below the 1.3000 floor may invite a descent towards the 200-day MA (1.2930). Shifting to GBP/USD, he notes that the pair may lose near term directionality with disappointing March Retail Sales capping any strong upside in the pair. He writes, “Somewhat encouraging however is the failure by the pair to violate an upward trend line established since mid-March, although we note overall sentiment remains more cautious than optimistic at this juncture. In the interim, a 1.5200-1.5400 band may prevail.”

Forex Flash: Could USD/JPY breach 100.00 level? – Investec

The G20 Finance Ministers meeting continues in Washington today with all eyes on Japan and whether there is set to be any opposition to the recent BoJ policy actions. According to the Investec Research Team, “Currently Japan can be best described as ‘that guy’, the embarrassing individual at what should otherwise be a civilized dinner party, as it clearly has identified itself with a differing mentality as others”.
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Forex Flash: Yen bears v Gold bears - DBS Group

DBS Group analysts note that the recent decline of Gold and the apparent tracking of its post decline price action by USD/JPY, has pitted Yen bears against Gold bears.
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