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GBPJPY Technical Analysis

Given the last hot CPI report, the BoE is expected to keep raising rates as it combats with one of the highest inflation rates among the majors. The BoJ keeps standing pat with its loose monetary policy that contributed to one of the strongest JPY depreciations in several years. This policy divergence made the GBPJPY to rally towards new highs and it looks like only recessionary fears can bring the pair down. GBPJPY Technical Analysis – Daily TimeframeOn the daily chart, GBPJPY is pulling back i... Read More

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Gbpjpy

Technical

Analysis

Forex

Posted: Jun 7 2023, 10:01

Author Name: forexlive

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