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Daily Currency Market Updates

News in headline:

* Pound Setting Up to Challenge 2021 Highs, BofA Says

* U.S. dollar weakens, but keeps positive outlook; sterling rises after UK data

* GBPJPY has up and down day, but stays below overhead MA on the hourly chart

Chart of the day:

GBPINR: GBPINR is trading near to recent support level of 101.35-101.30 and if it holds this level then buying can be initiated for a pull back towards 101.7-102.00, while below 101.4 can head towards 101.20-101.00 levels.

Technical View:

* The mixed move can be seen in currency.

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