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Forex: GBP/JPY virtually unchanged at 151.30/33 following PMI in UK

FXstreet.com (Barcelona) - The GBP/USD has traded unevenly, albeit devoid of any broad strokes Thursday during European trading. With the movement earlier into negative territory, an already lackluster day for the pair has remained low after the release of upbeat UK data. At the time of writing the cross is trading at 151.30/33.

Mataf.net analysts point to supportive means for the GBP/JPY at 150.70, ahead of 150.09, and ultimately 149.32. On the ascension, a break above 152.10 will trigger resistance at 152.87 and 153.49.

According to the Technical Analyst Team “The GBP/JPY is trading within a tight range for the past couple of days, currently retesting the 151.00 support level – a break and stability below 151.00 and consequently 149.95 is needed to signal a potential downside reversal.”

In the United Kingdom, PMI Construction in April came in at 49.4, against a consensus of 48.0, and compared with a figure of 47.2 previously.

UK: PMI Construction rises more than expected in April

UK PMI Construction increased to 49.4 points in April, from 47.2 points in March, according to data released today by Markit. The result is above market consensus of 48 points.
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Forex: USD/CHF eases after Swiss and Euro PMIs

Following the publication of Switzerland SVME PMI, the USD/CHF started to take profits from today’s rise back towards 0.9300. The pair went as high as 0.9296 and has eased to 0.9280, so far, as the European economic calendar gives away new updates. The Swiss PMI surprised investors by rising above the 50.0 threshold, from 48.3 to 50.3 in April, beating 49.0 consensus.
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