Cross-rates signals: GBP/JPY remains under the downtrend pressure

Cross GBP/JPY maintains the weekly downward trend against the background of the general risks of trade opposition and political uncertainty in the UK .

The driver for the sale of this currency pair are the risks and the breakthrough of key support: 141.00-141.20. The resumption of decline will pave the way to significant levels of support: 140.30 and 140.00. The resistance levels are the marks: 141.80 and 142.00, fixing the pair above which would cast doubt on the safety of the downward trend.

Read also: “Australian Dollar (AUD) –
features of  trading on  cross-rates»

Hanzenko Anton

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