Cross-rates signals: GBP/JPY forms a downward reversal

GBP/JPY cross in the conditions of uncertainty over Brexit and trade negotiations remains under the pressure, forming a downward reversal on the H4 timeframe in the form of a “double top” pattern.

The sales signal will be breaking through support 139.40-20, which will open the way to support levels: 138.80 and 138.50.

Resistance is located at 139.70 and 139.90.

Read also: “A new front opens in the trade war”

Hanzenko Anton

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Topical articles of the trader’s blog:

1. The U.S.-China trade agreement news
2. The trade war risks are coming back
3. Upward dynamics of gold, resumption of growth or correction before the decline

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