GBP/USD extends pullback from a downward sloping trend-line since July 31. The confluence of 100-HMA, 23.6% Fibonacci retracement becomes immediate support. Four-day old support-line adds to the rest-points. Having reversed from a fortnight old resistance-line, GBP/USD takes the rounds to 1.2085 during early Friday morning in Asia. The pair can now aim for 1.2071/70 support
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Cable remains under pressure and keeps targeting the 1.1985 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “GBP was lackluster on Wed, within a narrow 1.2045/1.2101 range. Directional wise, similar to yesterday’s commentary, GBP may slide further today although strong support is expected at 1.2025 and further losses
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EUR/USD is trading at fresh weekly lows below the 1.1160 key level. The market has room to potentially fall towards the 1.1130 and 1.1106 levels. EUR/USD daily chart On the daily time-frame, the single currency is capped by the 1.1220/55 resistances and the 50/100-day simple moving averages (DSMAs).  EUR/USD 4-hour chart EUR/USD is attempting to
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