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GBP/JPY jumps above 178.50

FXStreet (Tokyo) - The Sterling is rallying against the Japanese Yen and following a 100 pips climbing from 177.55, the EUR/JPY is now trading at highs of the days above 178.50.

Currently, GBP/JPY is trading at 178.64, up 0.54% on the day, having posted a daily high at 178.68 and low at 177.49. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

GBP/JPY levels

If the pair extends gains, it will find next resistances at 178.75, 179.00 and 179.30. To the downside, supports are at 178.20, 178.00 and 177.80.

EUR/USD could revisit 1.0500 – FXStreet

FXStreet Editor and Analyst, Omkar Godbole, views that EUR/USD is likely to drop to 1.0500 levels and lower if Greece agreement talks fail in the Friday’s Eurogroup meeting.
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EUR/USD jumps above 1.0750

EUR/USD bounced sharply from session lows and rose nearly 80 pips in a matter of minutes without a clear catalyst other than a bout of USD selling interest across the board.
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