Сross-rate signals: GBP/JPY maintains an uptrend

Cross-rate GBP/JPY for the second month in a row keeps upward dynamics on the growth of optimism for the British. At the same time, in the last few days a lateral movement is formed on this pair, which is caused by the correction and unloading of overbought indicators. As a result, an ascending triangle is formed.

Signal of entering the purchase transaction will be a break through the level 153.70-90, which will indicate further growth of the pair and a test of resistance levels: 154.00-20 and 154.50-70. Support levels are located at 153.50 and 153.30-10.

Fig. GBP/JPY. The current price is 153.30.

Hanzenko Anton