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Forex: GBP/USD remains below 1.4950

After falling from 1.5040 area to the 1.4880, lowest since June 2010, the GBP/USD recovered the 1.4900 ground and it is trading in consolidation mode just below the 1.4950 level. The Cable has recovered about at half retracement of the market reaction to the US data.

Currently the pair is trading at 1.4930, 0.55% below opening price. MACD, CCI and Momentum are bearish while Stockastic is bullish in the 1-hour chart. Next supports are at 1.4900 and 1.4880 ahead of 1.4687.

On the other side, resistances are at 1.4950, 1.4980 and 1.5000.

Forex Flash: EUR/USD year-end target at 1.27 – Scotiabank

The single currency is testing again levels beyond the key resistance of 1.3000 on Friday, partially recovering ground after bottoming in the area of 1.2950, levels last seen in early December...
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Session Recap: USD rises on strong US data, EUR/USD tests 1.2960 again

The USD was the winner of the day as the Greenback traded higher against its major competitors fueled by strong US employment data. The government reported the US economy added 236,000 new jobs, against 160,000 expected, while the unemployment rate fell to 7.7%, 5-year low, from 7.9% the previous month.
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