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January 13, 2025

GBP/JPY Price Analysis: Key Support Tested at 191.00 Level

The GBP/JPY cross extends its descent, trading around 191.00 during early European hours. The daily chart reveals a developing bearish trend, indicating a challenging period ahead for this currency pair. The movement within a descending channel pattern suggests that traders should be cautious.

Monitoring price movements around this level will be critical as the pair seeks to navigate through potential volatility. Adjusting trading strategies in response to market dynamics will be essential for traders involved in GBP/JPY.

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