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      EUR/GBP down from 0.7320, back below 0.7300

      FXStreet (Edinburgh) - EUR/GBP is now fading the earlier spike to session peaks near 0.7320 in response to the increasing bid tone around the sterling.

      EUR/GBP supported around 0.7280

      The European cross continues to trade in a tight 40-pip range however, with market participants already leaving behind the disappointing results from UK retail sales during the last month.

      Ahead in the session, the salient event will be the FOMC gathering amongst another releases in the US docket, which remains poised to determine the sentiment in the global markets in the short and medium term.

      EUR/GBP key levels

      At the moment the cross is up 0.05% at 0.7293 with the next resistance at 0.7362 (high Sep.16) followed by 0.7376 (high Sep.3) and then 0.7398 (high Sep.2). On the other hand, a break below 0.7275 (low Sep.17) would aim for 0.7151 (low Aug.21) and finally 0.7091 (low Aug.20).

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      USD/JPY makes another attempt at 121.00

      The USD/JPY pair bounced-off from its 200-DMA located at 120.80 to trade near 121.00 levels, and maintain the range of 120.80-121.00 in the European session today.
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