Cross-rate signals: GBP/JPY remains under the pressure
Cross GBP/JPY remains under the pressure from political risks for Brexit and the overall downward trend of the pair. As a result, a new wave of decline in the pound against the yen is expected.
Deals for sale should be considered below the zone 145.00-144.80.
It will indicate a decline in support levels: 144.30 and 144.00. Resistance is located at levels: 145.50 and 145.80, fixing above which cancels expectations for decline.
Separately, it is worth noting the high volatility of this currency pair and its significant dependence on fundamental factors. In addition, on the daily timeframe, the “head and shoulders” pattern is formed indicating a more significant decline.
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Hanzenko Anton
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