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GBPJPY is now showing signs of.............>

STERLING
STERLING: GBPJPY is now showing signs of vulnerability despite recent GBP
resilience.
- While the USD is the weakest of the majors over the past day, GBP and NZD are
not too far behind. 
- GBPJPY is now testing key technical levels. Initial channel support at 147.84
has already been tested and slightly breached today. A Friday close below here
would deliver another bearish signal. 
- GBPJPY is trading back below the 200-day moving average, while the 50-day
looks set to break below the 100-day moving average, adding to the bearish
evidence for this cross.

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