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GBP/USD bounces at 1.5940 and returns to 1.5990

FXStreet (San Francisco) - After a brief trip below the 1.5950, GBP/USD found support at 1.5940 where the it found buying interest that sent it back to 1.5990.

Currently, GBP/USD is trading at 1.5977, down -0.15% on the day, having posted a daily high at 1.6014 and low at 1.5942. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

GBP/USD levels

If the pair manages to extends bounce beyond 1.5990, it will find next resistances at 1.6000, 1.6010 and 1.6040. To the downside, supports are at 1.5950, 1.5940 and 1.5900.

BoJ QE increase and Fed QE end could impact USD/JPY - J.P. Morgan

The J.P. Morgan team of analysts see believe that the sharper divergence between the BoJ's and the Fed's monetary policies could have a considerable impact on USD/JPY.
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EUR/USD refuses to stay below 1.2500

EUR/USD took a dip to test levels below 1.2500 but once again, sellers weren’t able to keep the pair below the psychological level for long.
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