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Forex: GBP/USD extends the correction below 1.5450

FXstreet.com (Barcelona) - The sterling is following its European peer, trading in a soft tone and extending the pessimism from Thursday’s sell-off.
Ahead in the day, the trade balance results in the UK are due, with prior surveys expecting March’s trade deficit to narrow to £9.0 billion from £9.416 billion in the previous month.

As of writing, the cross is losing 0.10% at 1.5432 with the next support at 1.5426 (low May 9) ahead of 1.5418 (low Apr.26) and then 1.5410 (MA21d).
On the flip side, a surpass of 1.5447 (low May 7) would bring 1.5471 (low May 8) and finally 1.5492 (MA10h).

Forex: USD/JPY holding above 101.00 the figure in London

The Yen is holding it’s own above 101.00 the figure this morning in European open. The pair surged through the 100.00 target which has been tested umpteen times of late.
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Forex: USD/JPY holding above 101.00 the figure in London

The Yen is holding it’s own above 101.00 the figure this morning in European open. The pair surged through the 100.00 target which has been tested umpteen times of late.
Read more Next
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