GBP/JPY reaches fresh record highs after registering little losses in the previous session, trading at 209.18 during the early European hours on Friday. A look at the daily chart shows the currency cross is moving upwards within an ascending channel pattern, indicating a persistent bullish bias.
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The GBP/JPY cross attracts some dip-buyers during the Asian session on Friday and stalls the previous day's late pullback from levels just above the 209.00 mark, or a fresh high since August 2008.