Dec 20, 2013
GBP/JPY, 170 at peril
GBP/JPY continues trading around 5-year highs but seems to be under pressure as bears put the pair down and send them to session lows at 169.98 for a daily retracement of 0.36%. Earlier in the UK, the GDP results surprised positively at 1.9% vs. past 1.3% and expected 1.5%.
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