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GBP/JPY momentum is supportive for attempt higher

On the 4hr GBP/JPY chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.

Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of GBP/JPY rate moving now considerably higher as buyers may get aggressive in the short term.

PBOC’s Zhou: Yuan fx rate should be relatively stable in 2017

People's Bank of China (PBOC) governor Zhou Xiaochuan crossed the wires last minutes, via Reuters, making a scheduled speech on financial reforms at a
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