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11 Aug 2014
GBP/JPY consolidates above 171.00
FXStreet (Córdoba) - The GBP/JPY has been moving sideways since the beginning of the week. The pair is consolidating above 171.00, with resistance at 171.50 and support above 171.20.
Price action in the GPB/JPY and also across the currency market remains steady on Monday, on a low volume trading session consolidating Friday’s movements.
The pair rebounded slightly after falling last Friday to 170.70, the lowest price since June 2. Cable posted the fifth weekly decline in a row against the Yen and continues to move with a bearish bias.
Price action in the GPB/JPY and also across the currency market remains steady on Monday, on a low volume trading session consolidating Friday’s movements.
The pair rebounded slightly after falling last Friday to 170.70, the lowest price since June 2. Cable posted the fifth weekly decline in a row against the Yen and continues to move with a bearish bias.