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British Pound / Japanese Yen
Long

GBPJPY Long position on technical break

By SteveTobin
The recent UK inflation report showed that the BoE are less inclined to raise rates than the market had assumed. The strength in the Japanese economy suggest the BoE may delay or cancel future stimulus. Both of these facts combined with a round of risk aversion in the equity markets make this technical break a high probability trade.
Regards bagehotsway
GBPJPY
SteveTobin

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