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GBP/JPY mid-term buyers gaining momentum

On the 4H GBP/JPY chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push GBP/JPY higher.

Tumble in EUR/GBP volatility

Tumble in EUR/GBP volatility
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EUR/USD: Recovery fizzles near Friday’s high

The overnight recovery in the EUR/USD pair from multi-month lows lost steam near Friday’s high at 1.0640. The price retreated slightly and now hovers well above the 10-DMA support located at 1.0614.
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