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11 Dec 2014
GBP/JPY recovers more than 200 pips
FXStreet (Córdoba) - GBP/JPY erased yesterday’s losses and made an important recovery during the last hours on the back of a decline of the yen across the board.
While USD/JPY rose from 118.00 to 119.50, GBP/USD found support at 1.5650 and rose to 1.5705; pushing GBP/JPY sharply to the upside.
During the Asian session bottomed at 184.94, hitting the lowest price in two weeks and then rebounded and rose to 186.10/15; but on American hours accelerated to the upside, climbing 150 pips in three hours. GBP/JPY peaked at 187.67 and currently trades at 187.40/45, up 1.10% up 1.10% for the day.
While USD/JPY rose from 118.00 to 119.50, GBP/USD found support at 1.5650 and rose to 1.5705; pushing GBP/JPY sharply to the upside.
During the Asian session bottomed at 184.94, hitting the lowest price in two weeks and then rebounded and rose to 186.10/15; but on American hours accelerated to the upside, climbing 150 pips in three hours. GBP/JPY peaked at 187.67 and currently trades at 187.40/45, up 1.10% up 1.10% for the day.