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GBP/JPY hovering around 171.50

FXStreet (Córdoba) - The GBP/JPY is consolidating above 171.00 after soaring on Wednesday and still holds some bullish momentum. During the Asian session the pair reached a fresh weekly high at 171.86, extending the gains extending the rally that started yesterday at 169.75.

On European hours the Pound lost momentum across the board pushing the GBP/JPY to the downside. Price found support at 171.20 and bounced to the upside. Currently is testing levels above 171.50, attempting to approach daily highs

GBP/JPY range-bound

On a wider perspective price continues to move in a range, with a slightly upside bias but facing strong resistance around 173.50; and below here at 172.00. To the downside, price has been rejected from levels under 170.00. The support to the current range lies at 169.40 and then 167.70.

EUR/USD testing lows near 1.3650

The selling mood around the EUR is not giving up, now dragging the EUR/USD to challenge fresh session lows in the mid-1.3600s...
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