GBP/JPY Probing Below 175.00 Anew

The British Pound continues to race downward, dropping to a two-week low to test below the 175.00 figure against the Japanese Yen. Near-term support is in the 175.01-35 area, marked by the July 3 high and the 50% Fibonacci retracement, with a break below that on a daily closing basis exposing the 61…

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