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Up by 4.2% or 559 pips today. The GBPJPY has rallied about 900 pips over the last few days. For the week the pair closed at 130.13 on Friday and the high today extended to 139.45. That is 932 pips.
When you have a 35 pips trading range for 46 hours (from Friday late morning) of trading, you start to look for a break ( see prior post). This EURUSD made a break (or so it seems). So when the price ...