Cross-rate signals: GBP / JPY cross forms a double top

The GBP / JPY cross-rate over the past three days came from an established downtrend and almost formed a “double top”, whose neck level is at 145.40-20. In this case, the development of this figure will indicate the return of the cross in a downward trend and will open the way to the support levels: 144.70 and 144.30-00. Resistance is located at the levels: 145.70 and 146.00.

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Hanzenko Anton