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GBP/JPY: faster SMA now above 200-hour

As the GBP/JPY hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.

In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.

The risk scenario is a sustained close beyond the 200-SMA.

NZD/USD bulls ran out of Red Bull?

NZD/USD as flipped on its head, with the bird running out of red-bull, losing its wings, and now the bears break below the 20 SMA on the hourly chart fishing for further offers to break 0.6820 support for a run at the 50 SMA on the same time frames, trading at 0.6791 currently.
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PBOC sets USD/CNY fix at 6.3436

People’s Bank of China (PBOC) set today's yuan reference rate at 6.32436 vs Thursday's close at 6.3460 and last fix at 6.3402.
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