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GBP/JPY takes another step closer to 2015 highs

The gains in the GBP/USD since this time yesterday morning, whilst the USD/JPY remains relatively elevated has helped to push the GBP/JPY to fresh 9 year highs. The GBP/JPY closed in the US last night at 193.39. The high seen just ahead of the US close was set at 193.53. Today it has remained elevated, but stalled ahead of the high seen last night. The range seen today has been covered by 192.35 to 193.47. The reader is once again reminded of the 2015 high at 195.88 and as you can see, the prevailing price and latest gains are within clear striking distance of that. However, the pound is yet to face whatever the BOE has to throw at it later today and that could determine whether or not the GBP/JPY can take another step closer to that 2015 high. The GBP/JPY is currently trading at 193.18

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