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GBP/JPY: Correction or Trend Reversal?
The GBP/JPY cross pair was demonstrating
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The GBP/JPY cross pair was demonstrating a downward trajectory on Wednesday in response to the UK's unfavorable inflation report. However, it may not be wise to trust this downward momentum given the prevailing fundamental backdrop. The pair retains potential for further growth amid de-escalation processes in the Middle East. In the context of GBP/JPY, the British currency benefits from potential normalization in the region, as improved global risk appetite traditionally supports the pound. Furthermore, despite the "red" signals
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Irina Manzenko,
Analytical expert of InstaForex
© 2007-2026
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Urgency
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Irina Manzenko
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