Cross-rate signals: GBP/JPY maintains an upward dynamics

In the face of lower risks of tough Brexit and a general increase in optimism in the market cross GBP/JPY maintains an upward dynamics, almost continuing the upward trend of the current month, but limiting it to overbought.

In the conditions of resumption of growth and consolidation above levels: 133.00-133.20, we should expect a test of resistance levels: 134.00 and 134.50.

Significant support is located at the levels: 132.50 and 132.00.

Read also: “Expectations from the July Fed meeting”

Hanzenko Anton

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