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GBP/JPY rebounds at 171.05, back to 172.00

FXStreet (Córdoba) - Cable erased most of the losses and recovered important technical levels against the yen; holding around the same level it had at the beginning of the week.

GBP/JPY fell sharply during the European session and bottomed after the release of the Bank of England minutes at 171.03, the lowest since Friday. Afterwards rebounded and since then moved with a bullish bias.

After Wall Street opening bell extended gains and rose to test the area around 172.60/70, where daily highs lie. After being unable to break higher pulled back and currently trades around 172.05/10, 0.15% down for the day, with the yen moving off session lows in the market as stocks in Wall Street turn negative.

USD/CAD holds above 1.1200

The USD/CAD fell 110 pips from 1.1290 post BoC decision until it found support below the 1.1200 level at 10-day lows around 1.1190. At this level, the pair found some buying interest that drove the pair back above 1.1200 where it remains now trading quietly.
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EUR/CAD consolidates losses near 1.4200

After falling more than a big figure from levels above 1.4300 the figure, EUR/CAD is now consolidating the decline around the 1.4200 handle...
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