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GBPJPY - GBP retraced overnight gains to...>

STERLING
STERLING: GBPJPY - GBP retraced overnight gains to briefly make a show under
Y147.00, before renewed dip buying cushioned falls. Brexit headlines continue to
dictate price action with bulls looking for a close above the 200-dma at
Y147.45. The 76.4% retracement of Y149.71-142.77 is placed behind at Y148.07
opening the Oct 16 high at Y148.40. Failure to close above could put pressure
back toward the downside with bears targeting the Y146.00/05 area (Y146.04 -
55-dma), ahead of the 100-dma at Y145.68. GBPJPY last Y147.15.  

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