Cross-rates signals: GBP/JPY is near significant support

Previously, the GBP/JPY pair proved itself well in trading in the side channel, fully justifying the previous forecast. Now, this cross again approached a significant support level 148.10 and it is possible to break from it with resistance test 148.70 and 149.30.

But, the alternative scenario is possible. When the pair will break through the support 148.10 and the price will fix below this level, this will signal about the working off the “double top” figure. Thereby, this will open the way to the levels: 147.50-40 and 147.00.

Hanzenko Anton