Cross-rate signals: GBP/JPY keeps a downtrend

The cross-rate GBP/JPY, after a series of pessimistic statistics in the UK, broke the trend line and formed a downtrend. At the moment, the pair GBP/JPY is limited to oversold, but the potential for decline remains.

So, the sales area is located in the range from 151.50 to 151.00. Resistance is the levels: 151.50 and 151.80, consolidating the pair above which will cancel expectations for a decline. The goal and support is located at the levels: 150.50-30 and 150.00.

Fig. GBP/JPY. The current price is 151.00.

Hanzenko Anton