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Forex Flash: GBP/USD technicals hint at upside – Nomura

Nomura Strategist Saeed Amen has taken a look at GBP/USD from a purely technical perspective.

Looking at a daily chart, Amen notes that spot is up on the week and he is keeping a bullish view. He notes that RSI has risen, suggesting that momentum is on the up, and with bandwidth falling, range bound price action is most likely and there could be more range bound trading ahead. He writes, “Our target however, is very close at 1.5900 (200D SMA and also the top of the recent range).”

Forex Flash: Korean Won continues to underperform – BBH

Brown Brothers Harriman analysts note that the Korean Won has continued to underperform despite today´s trade data surprising to the upside.
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Forex: EUR/USD holds at 1.3640/50 ahead of US NFP

The market is now waiting for news coming from the US, particularly the January Nonfarm Paryolls, due at 13:30 GMT. The European morning rally was capped at 1.3675, from where it retreated on news of less LTRO repayments than expected: “€3.5bn of banks’ 3-year LTRO borrowings will be repaid next week—in line with our expectations of small weekly payments but much lower than the Reuters poll expectations of €20bn”, wrote TD Securities analyst Tim Davis.
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