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Gbp/Jpy has now gained over 100 pips in....>

STERLING: Gbp/Jpy has now gained over 100 pips in the European morning session
to Y149.52, with the latest run higher attributed to the FT report on China
looking to avert a trade war with the US. Gbp/Usd pulled higher on the move to
$1.4226 has seen very limited pullbacks with next resistance at $1.4278/85 (Feb
highs/1.618% swing $1.4070-1.3712 & Jan25 high). One note of caution ahead of
mth-end is the regular Eur/Gbp demand which could limit further upside progress.

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