Fx Trading:GBP/JPY buying drives cable higher in early Tokyo trade

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Daily updated information, tips on forex news, forex quotes, forex broker, forex charts, and various forex resources.Cable has jumped from 1.6710 to 1.6760 in the last 15 minutes as dealers report some GBP/JPY buying out of Tokyo. The cable is much less liquid than USD/JPY at this time of the day, hence the exaggerated effect. The stops we mentioned earlier above 1.6750 have also been triggered.

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Find fresh, updated content every day including technical and fundamental analysis and forex trading strategy.Buying US dollars against any currency is increasingly hard to justify. The big buy back in short USD positions that happened last year was brought about by a market which was completely over-leveraged but we now seem to be back in a phase of continuous USD weakening and it is not

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How to living rich, happy, and comfort as become professional forex trader with emotion free trading methods and the best indicators and signals.The golden 61.8% retracement of last years .9850/.6010 collapse comes in at .8374. Friday night’s high was at .8367 and we may see some technical selling this morning ahead of this level. We can also expect some medium term shorts to cut their positions on a break above .8400.

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Here you will find detailed info about currency trading and Forex training, currency exchange and online Forex trading platform. US housing starts rise to582,00 annual rate in June from 530,000 in May, up 3.6% Canadian CPI falls 0.3% y/y; first fall in 15 years Canadian leading indicator falls 0.1% in June Mexico cuts rates 0.25% to 4.5%, signals pause in easing cycle Belgian consumer sentiment rises to -17

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