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15 Mar 2023

GBP/USD: Slide could extend back to around 1.1950 – Scotiabank

GBP slips on stronger USD. Cable could extend its decline to the 1.1950 area, economists at Scotiabank report.

Losses through 1.2140/50 cast a shadow over near-term prospects

“Intraday losses for Cable through 1.2140/50 cast a shadow over near-term prospects.”

“GBP/USD failed around 1.22 twice over the past couple of weeks, setting up a minor double top, which has been triggered by the GBP’s losses through 1.2140 (now resistance).”

“Downside risks extend to 1.2080 (measured move potential) at least and could extend back to around 1.1950.”

 

Mar 15, 2023

USD/JPY: Close below 55-DMA at 132.50 to trigger a fall toward the 127.53/23 lows – Credit Suisse

USD/JPY looks to be staging a more decisive rejection from the 137.10/40 recovery target as looked for. Economists at Credit Suisse expect the broader
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Mar 15, 2023

USD/CHF surges to fresh weekly top as Credit Suisse rattles markets and boosts USD

The USD/CHF pair catches aggressive bids during the mid-European session and rallies to a fresh weekly top, above mid-0.9200s in the last hour. The la
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