Сross-rate signals: GBP/JPY fought off significant support

Cross-rate GBP/JPY, after uncertain attempts to reduce, failed to overcome the significant support of 148.00, which corresponds to the lower border of the rising channel, which confirmed  the two-week uptrend.

At the same time, further strengthening of this cross is limited by the level of resistance 149.00-20, consolidation above which will open the way to the marks: 149.50-60 and 150.00. Support is located at the level of: 148.70 and 148.50.

Fig. GBP/JPY. Current price – 148.90

Hanzenko Anton