Cross-rates signals: GBP/JPY maintains a sideways trend

Earlier, the cross-rate GBP/JPY, as expected, fought back from the support level 148.10-00, but, due to the fundamental factors, the downward trading channel was expanded. Even on the general flight of investors from risks, this cross did not manage to develop a downward trend, thereby confirming the stability of the existing trading range.

At the moment, the cross-rate GBP/JPY remains below the significant resistance 148.80-90, the breakthrough of this level will open the way to the zone of 149.20-50. The significant resistance level is 149.20-50, it is possible to turn from it and resume the decline to the support levels: 148.00 and 147.60.

Hanzenko Anton