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Improving risk appetite via JPY crosses....>

STERLING
STERLING: Improving risk appetite via JPY crosses seen lending support to the
majors in early Europe. GBPJPY improves 40 pips on the session to Y142.90,
targeting a break of the Y143.00 level and yesterday's high (Y143.01). Above
here opens Y143.49/53, the Aug9 high and 50% retracement level of
Y147.15-139.90. GBPUSD benefiting on the move holds near the peak of its
$1.2800-31 range targeting 38.2 % 50% retracement levels at $1.2852/68. EURGBP
gains seen capping GBPUSD topside gains in the short-term with the cross
comfortably holding above Gbp0.90, focusing on a break of Gbp0.9031/33 (Aug9
high/Oct12 2017 high).

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