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Forex: GBP/USD keeps highs around 1.5240/45

FXstreet.com (Barcelona) - The pound managed to gather some traction on Monday, decoupling from its European counterpart and navigating in the upper end of today’s range.

“Our view on the GBP is unchanged: chronic twin deficits and more emphasis on monetary policy activism spell more weakness ahead. Next target is 1.42”, argued David Simmonds, Strategist at RBS.

The cross is now advancing 0.06% at 1.5243 and a surpass of 1.5245 (MA21d) ahead of 1.5370 (high Apr.17) and then 1.5386 (high Apr.15).
On the downside, support levels align at 1.5199 (low Apr.5) ahead of 1.5190 (38.2% of 1.4832-1.5412) and finally 1.5122 (50% of 1.4832-1.5412).

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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Forex: EUR/GBP topples to 0.8559/60 on Earth day

After a failed attempt at the 0.8600 level (0.8593 session high), the cross has turned sharply downward, shedding over 30 pips to settle in negative territory. In these moments, the pair is now trading at just 0.8559/60, down -0.33% off its opening Monday.
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