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Forex: GBP/USD in session highs

FXstreet.com (Barcelona) - The pound continues to linger around the upper end of today’s range at 1.5445/50, after the upbeat UK GDP figures during the first quarter gave some oxygen to the cross.

In the opinion of Christopher Vechhio, Currency Analyst at DailyFX, “The data comes as a big wave of relief for the more recently criticized government, under attack for its severe austerity policies that have led to the longest peacetime recession since the 1920s... In the near-term, the British Pound looks to regain some more of its losses against the Euro and the US Dollar as the likelihood of more QE from the Bank of England is diminished and Gilt yields recover”.

At the moment, the cross is gaining 1.14% at 1.5445 with the next resistance at 1.5452 (high Feb.20) followed by 1.5544 (high Feb.14) and then 1.5550 (high Feb.15).
On the flip side, a breakdown of 1.5270 (MA21d) would open the door to 1.5265 (hourly lows Apr.25) en route to 1.5227 (low Apr.24).

Forex: EUR/USD rises towards weekly highs

After yesterday’s downside pressure, with even a spike to 1.2956 low, the EUR/USD was able to find support at 1.2975 and bounced back above the 1.3000 psychological level. More corrective movement during the Asian session allowed a rise to 1.3060 and now the pair is extending gains towards the 1.3080 resistance area (April 21/22/23 highs). The market is currently as high as 1.3076.
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Forex: AUD/USD consolidates at daily highs

The Australian dollar extended gains into a second day on Thursday, recovering from a low of 1.0220, and regained the 1.0300 mark supported by better appetite for risk.
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