Cross-rates signals: GBP/JPY maintains a downtrend - Ester Holdings
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Cross-rates signals: GBP/JPY maintains a downtrend

In the face of political risks in the UK and the Eurozone and general uncertainty regarding Brexit, the British pound remains extremely vulnerable to risks. Against the background of the preservation of the downward trend for the GBP/JPY pair, we should expect a resumption of the decline.

The sales area of ​​the GBP/JPY pair is in the range 139.80-40. A signal to sell should be the updated month’ lows.

Significant resistance levels are located at the levels: 140.30 and 140.60, the upper limit of the downward channel. Support levels and goals are located at the levels: 139.00 and 138.50.


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Hanzenko Anton


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