Cross-rates signals: GBP/JPY is near significant resistance - Ester Holdings
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Cross-rates signals: GBP/JPY is near significant resistance

Cross GBP/JPY on the wave of optimism reached the upper limit of a three-week downward channel (143.00), which is expected to rebound, due to the Brexit risks and uncertainty about the US – China trade confrontation.

Transactions for the sale of the GBP/JPY pair should be considered on fixing below the level of 142.60-50, which will confirm the reversal and resumption of the downtrend. Significant resistance is located at the levels: 143.00 and 143.30, the update of which will cast doubt on the preservation of the downtrend. On the resumption of the decline in this pair, the goals are located at support levels: 142.00-141.80 and 141.30-00.


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Hanzenko Anton

 

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