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GBP/JPY consolidates above 171.00

FXStreet (Córdoba) - The GBP/JPY has been moving sideways since the beginning of the week. The pair is consolidating above 171.00, with resistance at 171.50 and support above 171.20.

Price action in the GPB/JPY and also across the currency market remains steady on Monday, on a low volume trading session consolidating Friday’s movements.

The pair rebounded slightly after falling last Friday to 170.70, the lowest price since June 2. Cable posted the fifth weekly decline in a row against the Yen and continues to move with a bearish bias.

USD/CAD breaks below 1.0950

The USD/CAD is extending its 1.0985 Friday's rejection and currently, the pair is breaking below the 1.0950 level and now it is testing daily lows at 1.0940.
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