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The GBPJPY cross continues to trend higher and establishing above 200 mark (Monday’s close above this level was the first since Aug 2008). Bulls cracked barrier at 200.50 (Apr 29 spike high), with sustained break here to open way for further acceleration. Sterling remains supported by strong divergence between the interest rates of BoE and […]

The post GBP/JPY Hits New Multi-Year High appeared first on Action Forex.

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08/11/2024

EUR/USD Outlook: Bears Hold Grip But Prolonged Consolidation May Precede Fresh Push Lower

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