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GBP/JPY PRICE ANALYSIS: RETREATS BELOW 192.00 ON SOFT UK PMIS, INTERVENTION THREATS

ia7145
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  • GBP/JPY falls to 191.65, cautious after missing week's high, affected by weak UK services data.
  • Further decline risk, with support at Tenkan-Sen, Senkou Span A.
  • Japanese intervention concerns limit movement, market awaits new direction signals.

The Pound Sterling lost some ground against the Japanese Yen late in the North American session on Thursday, amid a risk-off impulse, following softer-than-expected UK Services PMI figures. At the time of writing, the GBP/JPY trades at 191.65, losing 0.12%.


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