Speedo needle jumping

Back of the gearbox under the gear change cables mate.
 
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Back of the gearbox under the gear change cables mate.

is that the sensor you can see if you look up toward the bottom of the TIP/turbo if your head is behind the sub frame?
 
I had this same problem once before on. It turned out to be a bad earth, specifically the earth bolted to the top of the cam cover between the coil packs.
 

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