20 august, 08:50 GBP/JPY. The technical analysis of the forex market
Cross rates bargains the second week within the limits of a price range 202.50 - 206.30. Yesterday at the American session and today on Asian it was possible to observe testing resistance level 205.00/20 which and has not been bying that specifies in remaining bear moods and weakness of bulls in the forex market on the given trading tool.
At the same time at present in the market there are no accurate signals on sale. In the circumstances is better to wait breakdown support level 204.00 which can betray additional confidence to bears.
In that case the further purposes of bears will be located on 203.75/50 and 202.60/50. More distant possible purposes - 201.50 and 200.20/00.
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