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The GBP/USD pair is trading near daily lows around 1.2725. Nonetheless, Friday's 4-hour chart is painting a favorable picture for bulls as the cable trades above all its SMA and momentum stays positive, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD is trading above the 50, 100, an

EUR/JPY is trading at daily lows, below the 123.20 level, after having faced rejection at 124.24 on Thursday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, has exited the pair long positions as she expects a move lower to the 20-DMA at 121.91 and even a test of the 121.55 u