Сross-rate signals: GBP/JPY keeps a downtrend

The second week in a row, the cross-rate GBP/JPY is trading in a downtrend, which is limited to resistance level 150.70. This level of resistance is expected to resume decline to support levels: 150.10-00 and 149.70-60.

To confirm the preservation of the downtrend, one need to wait for the pair to exit from the flat, down with the update of the daily low. Resistance are: 150.80-90 and 151.20-30, breaking through these marks will cast doubt on the safety of the downtrend.

Fig. GBP/JPY. The current price is 150.60.

Hanzenko Anton