FXstreet.com (Barcelona) - Major currencies have moved in a tiny range ion Monday's European trading session on complete absence of relevant macroeconomic data and little or no impact from the G7 meeting.

EUR/USD Has recovered some positions during the European session, bouncing up from 1.2728, to reach 1.2791 before turning down again. If support art the 1.27.25 area holds the pair could go to the 1.2850 area.

GBP/USD has followed a pattern similar to the Euro, bouncing up slightly from 1.4150 to 1.4278 before falling back to 1.4225. USD/JPY has been moving from lows around 91.50 and a high of 92.07, but could not hold above 92.00 although a rally to levels at 92.40, Feb 9 high, is not off the cards.