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Forex Flash: Gilts poised for correction as 119.93 target reached – RBS

FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “Gilts met the first target of 119.93 and tested the 120.00 resistance, from where a correction looks likely, however the overall view remains constructive, looking for a test of the full wave projection of 120.52.”

Depending on this test there would either be further upside to the 121.00, 121.26 and 121.82 levels or a pull- back to the 119.56/27 support area. “There is a good support at the 119.27 and 20-day MA of 119.00, while a break below would cancel the view.” Bondar suggests.

Forex Flash: Korea prepares for prelim Q1 GDP numbers - DBS Group

DBS Group analysts note that the preliminary estimate of Korean 1Q GDP is the focus this week, against the backdrop that China and Singapore both reported a disappointing 1Q GDP earlier this month.
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Forex Flash: Yen better offered as G20 fails to single out Japan - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the Yen was better offered in the Asia session over the past week as he anticipated that Japan would not come in for special criticism from the G20/IMF meeting.
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