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Forex: EUR/GBP falls below 100-DMA

FXstreet.com (Córdoba) - The euro slumped across the board and extended losses against the pound after the New York opening and leaving behind the 100-day SMA at 0.8442.

EUR/GBP accelerated losses after triggering stops below 0.8450/42 and slid to its lowest level in 3 months at 0.8408 before finding support. At time of writing, EUR/GBP is trading at the 0.8420 zone, posting a 1.2% loss on the day.

The British pound soared and accomplish solid gains versus most competitors on Thursday propelled by much better-than-expected UK Q1 GDP.

As for technical levels, next supports for EUR/GBP line up at 0.8400 (psychological level) and 0.8388 (low Jan 24). On the other hand, bounces could find resistances at 0.8440/50 (former support area) and 0.8500 (psychological level).

Forex Flash: USD/JPY looks neutral ahead - BTMU

Bank of Tokyo Mitsubishi UFJ analysts have taken a look at USD/JPY for the week ahead and are neutral in their forecast and see spot ranging between 97.00-101.00.
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Forex: EUR/USD NY session fall reaches 1.3000

US money flows pulled the EUR/USD from 1.3094 highs after the release of US jobless claims data and the continuing drop reached as low as 1.3001 after the New York opening.
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