EUR/USD rose to 1.1260 on Monday closing the opening gap after falling to as low as 1.1097. Resistance is at 1.1305 and 1.1370. Support is at 1.1000.
GBP/USD is trading below the previous support at 1.5050 and is vulnerable for a decline to 2013 low in the 1.4813/00 area where it should find a good support. Watch the UK GDP data tomorrow at 09:30 GMT.
USD/JPY is fluctuating around 118.00. Support is located at 117.25, 116.90 and 115.85. On Tuesday the US will release several important pieces of data, and the forecasts are quite positive. A break above 118.90 will open the way to 120.00. The pair’s ability to rise above the 120 handle will depend on the outcome of the Fed’s meeting on Wednesday.
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