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GBP/USD also gets a leg up from the USD/JPY
As noted in the previous update, the drop back right now in the USD/JPY, from an earlier session high, has helped the EUR/USD rise. It has also had the same impact on the GBP/USD. So, after what has been a rather difficult morning for the GBP/USD, it has now lifted back above the 1.34 handle once more. The Pound fell back to a low earlier at 1.3364. This price action is pretty much as envisaged here earlier, in respect of the USD/JPY and how its morning gains have so far given way to a move lower, very much in the same way that played out yesterday. Of course it is not guaranteed to keep falling back this afternoon, but that is how it is playing out right now. So, the GBP/USD has now managed to benefit from that, currently trading at 1.3409
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