Сross-rates signals: GBP/JPY continues to decline on risks

The GBP/JPY cross-rate continues to trade lower on the correction after a two-week growth, maintaining its potential for a decline on maintaining uncertainty over Brexit and overall negative sentiment.

Transactions for the sale of the GBP/JPY pair should be considered when fixing below 146.70-50 and with the corresponding sell signal, in the form of a reversal or rebound. Fixing the pair above the resistance levels: 147.00 and 147.40 cancels downward expectations. In the context of renewed decline, we can expect test support levels: 146.00 and 145.70.

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Hanzenko Anton

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