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Forex: GBP/USD keeps lows around 1.5655/60

Bearishness surrounding the sterling is intensifying at the beginning of the week, dragging the cross to test last week’s lows in the vicinity of 1.5660

“My expectation remains much the same for GBP/USD of over the medium term; price action to stay heavy and range bound. 1.5964/6072 should provide the ceiling and the supports remain at 1.5600 and 1.5300. I’d still be more inclined to sell rallies than buy dips for now”, recommends W.Moore, analyst at RBS.

At the moment, GBP/USD is losing 0.90% at 1.5658 facing the next support at 1.5646 (low Feb.7) ahead of 1.5628 (low Feb.5) and finally 1.5584 (Lower Bollinger).
On the upside, a breakout of 1.5740 (MA10d) would expose 1.5819 (MA21d) en route to 1.5845 (high Feb.8).

Forex: USD/CHF takes profit at 0.9199

The USD/CHF continues to fail at reaching 0.9200. The pair has been moving higher since 0.9157 European session low and reached as high as 0.9199 on the NY opening, where profit taking didn't allow an extension higher. The market trades at 0.9186 (+0.17%).
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Forex: USD/JPY rises ahead of BoJ on Thursday

From a false start of the week, dropping to 92.36 low, the USD/JPY held steady and rallied from 92.50 on European money flows up to 93.50, where it was capped and was unable to continue the upside. The pair trades slightly below its highs, at 93.38 (+0.72%).
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