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GBP/JPY. Price Analysis and Forecast. The GBP/JPY pair is attracting new sellers
On Thursday, the GBP/JPY pair is
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On Thursday, the GBP/JPY pair is seeing a new influx of sellers, partially pulling back from the 50-day SMA. Nevertheless, spot quotes have recovered a few points above the daily low.The decline of the British pound against the Japanese yen can be linked to growing concerns about energy price shocks caused by the war with Iran. Additionally, the Bank of England's signaling of a possible rate hike as early as April increases risks to the economy, putting pressure on the
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