FXstreet.com (Buenos Aires) - After the trade gap widened to $27 billion in June in the U.S., stocks rallied erasing yesterday's loses, sending Euro and Gbp above key resistance levels; EUR/USD quotes at 1.4203, struggling to hold above the level, and addressing to next resistance zone at 1.4240. GBP/USD broke above 1.6520, and quotes around 1.6550, 20 SMA in the daily. Confirmation above this level, could send the pair quickly up to retest the 1.6600 area.
Japanese Yen breached above 96.00 against greenback after reaching an intraday low of 95.12, quoting now around 96.30 ahead of stronger 96.70 level. With stocks pushing higher dollar and yen will likely continue falling ahead of FOMC decision.