Cross-rate signals: GBP/JPY forms a double bottom

After a repulsion from the level of 145.00, which was expected last week, the cross-rate GBP/JPY formed a figure of “double bottom”, which fully confirmed the expectations. In this case, the bullish divergence of the MACD indicator is preserved.

The signal to additional purchases will be the consolidation of this pair above the level of 146.20-40. The goals at the levels: 147.00-20 and 148.00-50 remain in effect. The signal to cancel the forecast will be closing the day below the levels: 145.50 and 145.00.

Fig. GBP/JPY. The current price is 146.00.

Hanzenko Anton