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Forex Flash: FX majors waiver in outlooks – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.

Beginning with the USD/JPY, the pair is trading within striking distance of resistance at psychological 100.00; a break above which would open 101.45, while support is at 98.11. As for the GBP/USD, “Strong support is at 1.5178, while a break below which would expose the more critical 1.5054 and 1.5034 – resistance is at 1.5368 ahead of 1.5424.” Finally, regarding the USD/CHF, As long as resistance at 0.9345 holds, there is scope for resumption of downside. Support is at 0.9259 ahead of 0.9207.

Forex: EUR/USD retracing losses to 1.3050

The economic calendar is pretty empty today, and the release of Greece current account didn’t have any impact on the EUR/USD. The pair rose to 1.3075 resistance before falling to 1.3035 area on the European opening. Such area is acting as support as the session unfolds and now the EUR/USD is now getting back to Friday’s close at 1.3057.
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Forex Flash: EUR/USD and GBP/USD look rangebound - BBH

Marc Chandler Global Head of Currency Strategy at Brown Brothers Harriman has taken a look at both EUR/USD and GBP/USD from a technical perspective and notes that they both appear to be range bound for the week ahead.
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