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GBPJPY at inflection point, set to trend lower

The GBPJPY pair last peaked out in 2015 before plunging to a low slightly over a year later in 2016, from 195.76 to 116.49 (a 40 per cent depreciation). Since then, the pair has seen a phase of consolidation, undergoing a series of smaller peaks and troughs within a set range of upper and lower...

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