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      GBP/USD: - FXStreet

      FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the techncial conditions of GBP/USD.

      Key Quotes:

      "The pair is pointing to complete a full 100% retracement to its September 4th low set at 1.5161, as it broke below the 23.6% retracement of the latest weekly bearish slump. Short term, the 1 hour chart maintains a strongly bearish tone, as the price failed to advance on a test of its 20 SMA, currently around 1.5340, whilst the technical indicators have accelerated their declines, although the RSI is around 21, advising it may be a bit too late to join the selling party.

      In the 4 hours chart, the technical indicators also head sharply lower, entering oversold territory, maintaining the risk towards the downside, albeit with limited scope for further declines now. The pair has a strong static support at 1.5250, which should attract some short term buying interest on a first test. Nevertheless if the level is broken, further declines are seen towards the mentioned 1.5160 region."

      EUR/JPY capped at 136 handle

      EUR/JPY is currently trading at 134.49 with a high of 134.65 and a low of 134.42.
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      AUD/USD: Bulls attempt a tepid recovery on 0.70 handle

      The AUD/USD pair poses a minor rebound from two-week lows at Tokyo open, with fresh liquidity flowing in as Japan re-opened after a 3-day break, helping the Aussie to extend the recovery on the 0.70 handle.
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