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GBP/JPY higher testing 154.00

FXstreet.com (London) - GBP/JPY had been attempting to continue in its most recent bearish wave again, after breaking below the psychological 155.00 level. It had consolidated, ahead of awaited economic data in a USD focused market place.

However Sterling has managed to move up in the morning session of Europe and take the Japanese currency to test 154.00, while USD/JPY is also attempting resistance levels printing a high for the ay at 101.84 bid. A failure for the pair to breakout higher may result in resuming in yet another wave lower to test the support line for yet another break out attempt below 152.30.

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