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5 Feb 2015
GBP/JPY rises to 179.00
FXStreet (Córdoba) - GBP/JPY moved toward 179.00 ahead of the Bank of England decision. Yesterday the pair failed to hold to gians and finished slightly lower.
During Wednesday’s European session it climbed to 179.28, reaching the highest prices since January 28 but then lost momentum and pulled back. The decline from the highs found support at 177.60. During the Asian session moved to the upside and accelerated recently after breaking above 178.50.
The pound peaked at 178.99 and currently trades at 178.80, up more than 80 pips for the day and headed so far toward the best weekly performance since November.
During Wednesday’s European session it climbed to 179.28, reaching the highest prices since January 28 but then lost momentum and pulled back. The decline from the highs found support at 177.60. During the Asian session moved to the upside and accelerated recently after breaking above 178.50.
The pound peaked at 178.99 and currently trades at 178.80, up more than 80 pips for the day and headed so far toward the best weekly performance since November.