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GBP/USD unable to shake negativity as rally falters

FXstreet.com (New York) - The GBP/USD foreign exchange rate found its recovery sapped at the 1.5535 region earlier today, thereby leading to a drop lower during US trading.

At this juncture, the GBP/USD is now navigating the region of 1.5524, now incurring a fall of -0.08% off its opening. Briefing the technicals, the GBP/USD will face support at 1.5485, onto 1.5435 and 1.5375, calculates the Danske Research Team.

GBP/USD strategic bias

According to Technical Analyst Team at ICN.com, “The GBP/USD stabilized around 1.5550 levels but did not rebound to the downside from it which is good till now, as it maintained its positive trading. We need to see the pair stable above the referred to level now represented in 78.65% correction to push the pair further to the upside during the rest of the session. Anyhow, as long as the pair is stable above 1.5475, the possibility of the upside move remains intraday valid today.”

USD/CAD testing the 1.0300 region

The USD/CAD foreign exchange rate collapsed off its highs earlier at 1.0354, though it has remained stable above the 1.0300 region thus far during US trading.
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USD/JPY bounces off lows

The USD/JPY foreign exchange rate found itself recovering off its lows, incurring at 96.18 earlier today during US trading.
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