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

Since the beginning of the day, the cross rate GBP/JPY remains under pressure, which is caused by a general decline in the British pound due to the weak data on business activity in the construction sector.

In turn, the cross GBP/JPY maintains an upward trend, which makes one expect the resumption of growth on the repulsion from support 152.00-151.80. Closing the day below this zone will cancel the scenario for strengthening. In case of resumption of growth, a resistance test should be expected: 152.60-70 and 153.00.

Fig. GBP/JPY. The current price is 152.00.

Hanzenko Anton