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GBP/JPY rangebound within 153.50-154.00ish parameters, though pennant breakout on the cards
GBP/JPY has remained stuck within recent ranges on Thursday, unable to surpass or even test weekly highs in the 154.10-20 area and finding good support below 153.50. FX market conditions have been tame on Thursday amid a lack of US market participants, with markets there closed for Thanksgiving. The pair continues to trade close to its 50-day moving average, which currently resides around 153.60. On the day, the pair trades broadly flat, despite further Brexit jawboning by the UK regarding triggering article 16 of the Northern Ireland protocol and despite news that French fishermen will be taking action to block ... (full story)