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GBP/USD contained to the downside

FXStreet (Guatemala) – FXStreet (Guatemala) – GBP/USD is trading at 1.7053, down -0.12% on the day, having posted a daily high at 1.7085 and low at 1.7041.

GBP is contained still by the descending trend line and trades with a bearish bias. Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank said each day GBP is leaking lower with support provided by the psychologically important 1.70. “A soft CBI trends report today wasn’t enough to shake markets leading into Wednesday’s MPC minutes and a speech at the Commonwealth Games Trade and Investment conference”.

GBP/USD Levels

With spot trading at 1.7054, we can see next resistance ahead at 1.7069 (Hourly 20 EMA) and 1.7076 (Daily Open). Support below can be found at 1.7054 (Daily Classic S1), 1.7041 (Daily Low), 1.7031 (Daily Classic S2), 1.7017 (Weekly Classic S1) and 1.7008 (Daily Classic S3).
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EUR/JPY is trying to settle above 137.00

FXStreet (Moscow) – EUR/JPY took off from 137.09 at the opening and moved to 137.24, deeper to the bullish territory

EUR/JPY is stuck

Has EUR/JPY bottomed out at 136.69, or its just a short respite before a rush to new multi-month lows? The answer to this question is elusive. But there are several observations to be considered. First, the cross cannot close above 137.00 pivot, which is definitely bears despite lack of bearish momentum. EUR/JPY is strongly influenced by overall JPY dynamics and, consequently, risk sentiments that have turned sour lately. On the other side of the equation is potential EUR rebound against USD that may drag EUR/JPY higher. Anyway, we need to see the cross clearly above 137.00 on daily basis to hope for further upside.

What are today’s key EUR/JPY levels?

Today’s central pivot point can be found at 137.06, with support below at 136.94, 136.76 and 136.64, with resistance above at 137.24, 137.36, and 137.54. Hourly Moving Averages are bearish with the 200SMA bearish at 137.70 and the daily 20EMA bearish at 138.05. Hourly RSI is bullish at 58.
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