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USD/JPY stays in negative territory near 108 despite rising US stocks

The USD/JPY pair rose to its highest level since early August at 108.48 during the American trading hours on Wednesday after the Federal Reserve refrained from giving any hints regarding the next policy move despite announcing a 25 basis points rate cut.

USD/JPY News

GBP/USD above 1.2500 as Juncker says there could be a deal by October 31

EU’s Juncker said that if the objectives of the backstop are met through alternative arrangements, the backstop won´t be needed, adding that there could be a deal by the October deadline. GBP/USD hits fresh 7-week highs in the 1.2530 region.

GBP/USD News

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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."