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GBP/USD

Technical Indicator used: Horizontal lines / resistence, ATR BB, EMA 200
Fundamental: Brexit may delay through a new election, there might be some rumours about Brexit not taking place. UK Economy growth is high, US dollar may suffer of debt Policies of Trump.
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USD/JPY breaks above 107 and trades up to 108.50

The dollar rallied 150 pips against the yen on Monday as traders scrambled to get on board of the latest move. Trump's proposed fiscal stimulus in form of tax cuts and infrastructure spending worth several $tn are leading markets to price in a steeper path of the federal funds rate.
Japanese GDP came in better than expected. That supported the Nikkei and the pair. Now even more so, U.S. dollar based investors are paid to hedge yen exposure. Technically, 38.2% retracement of the 2015 - 2016 downs…
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