#GBP/JPY#The GBP/JPY pair has recently slipped below the 193.00 level, signaling a potential bearish trend in the short term. This decline comes ahead of the Bank of England (BoE) meeting, which could have a significant impact on the British pound and, consequently, on GBP/JPY. The upcoming BoE decision may cause increased volatility and could potentially turn market sentiment either way.
For bearish traders, there is caution warranted as the BoE's stance on interest rates, inflation.
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