Cross-rates signals: GBP / JPY near significant support

Cross-rate GBP / JPY over the past few days has formed a stable upward trend, the lower limit of which coincides with the psychological support of 146.00. Also, a factor in favor of the strengthening of the pair is the reduction of global global risks and some stabilization of political tension in the UK.

Thus, the GBP / JPY cross is expected to form a reversal from the support levels: 146.00 and 145.7, the retreat from which will open the way to resistance levels of 146.70 and 147.20.

GBP / JPY Chart. Current price – 146.00

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Hanzenko Anton