Cross-rates signals: GBP/JPY remains under pressure

Cross GBP/JPY, despite the decline in activity, remains under pressure from fundamental factors, problems with Brexit and the general flight of investors from risks. This indicates a downside potential for the pair, which can be limited only by low liquidity.

Transactions on the pair GBP/JPY should be considered when fixing below 140.00, which will indicate the end of the correction phase and the resumption of the downtrend. The goals are located at levels: 139.50 and 139.30, resistance are: 140.20 and 140.50.

Read also: “Frankfurt Stock Exchange and its main index”

Hanzenko Anton

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