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Thursday, August 3, 2017

GBPJPY snaps a major support trendline on dovish BOE

Inflation, wages and economic growth were all trimmed in the BOE's quarterly inflation report. Cable tanked but one of the best pairs to short would've been GBPJPY since USDJPY continued to fall, breaking 110 on the back of a miss on ISM non-manufacturing PMI.
GBPJPY snaps a major support trendline on dovish BOE

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