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Gbp/Jpy continues to pare European.........>

STERLING: Gbp/Jpy continues to pare European afternoon losses and extends its
recovery to the Y149.35/40 area. A break of the intraday high (Y149.47) opens a
move toward Y150.00, ahead of Y150.29 (38.2% Y154.04-147.97). Cable gets dragged
higher on the move to $1.4015 and seen approaching resistance at $1.4035/49
(21-dma, Asia high). 

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