Cross-rates signals: GBP/JPY maintains an upward dynamics

Cross GBP/JPY continues to trade in the ascending channel, despite the two-day movement in the flat. It is limited to attempts of correction after growth and psychological resistance 145.00. Technically, the pair maintains an upward trend, which also confirms the formation of the “flag” pattern. A fundamental factor supporting the pound is advancing the Brexit negotiations.

Deals on the purchase of the GBP/JPY pair should be considered when the resistance is broken through 144.80-145.00, which will open the way to resistance levels: 145.60 and 145.90. Support is located at marks: 144.20 and 143.80.

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Hanzenko Anton

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