BROADCASTS.com

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GBP/USD struggled for a firm direction and remained confined in a range on Monday. Failures near 1.4000 favour bearish traders; the emergence of dip-buying warrants caution. Neutral oscillators further make it prudent to wait for a sustained move in either direction. The GBP/USD pair sunk to take another look at the 1.3850 uptrend after weak data on Friday. If the cable holds the uptrend, a retest of the last week high at 1.4018 seems likely \\u2013 Commerzbank. EUR/USD remains on track to end the first day of the week lower. ECB ramped up weekly asset purchases to \\u20ac19.303 billion. US Dollar Index continues to fluctuate in daily range below 92.00.