The GBP/JPY has declined 125 from Monday's peak near 182.25 as the Pound Sterling (GBP) swoons against the safer Japanese Yen (JPY). Broader market se
ntiment has soured to kick off the new trading week, and early gains are giving way to deepening red as Monday rounds the corner into Tuesday's Asia market session.
The downside is starting to open up wide, and short-side pressure is mounting to take the GBP/JPY into September's lows near 180.80.
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