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GBP/JPY Slides As Stocks Reverse Earlier Gains

Discussion in 'Technical Analysis' started by Kaitlin, Jan 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    This combination of a falling pound and a late-rising yen pushed GBP/JPY back down to re-approach the key 166.00 support level, its lowest level in nearly two years. Prior to hitting this level, the currency pair had already been falling precipitously since early December, breaking down below progressively lower key[​IMG]

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