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Cable falls to the lowest since 2010

Not long after the London open, Cable broke below 2015 low (~1.4565) by a couple of pips before pulling back. Another attempt at new six-year lows saw the pair being sold to 1.4555. Next major support comes in near 2010 low (~1.4230).
GBP/JPY fell more than 700 pips so far this week and year, almost 200 pips per day, weighing strongly on both core pairs. This pair has been acting as a decent risk barometer having been correlated well with global stock markets.
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GBP/JPY flying

Since ECB lowered refinancing rate to near zero and deposit rate to negative, Euro has been increasingly used as a funding currency. That's a big part of the reason why GBP/JPY has became a better risk barometer than EUR/JPY in the past year or so.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese…
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