Currency pair GBP/JPY British Pound to Japanese Yen is trading at 151.49. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair of Pound/Yen. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 150.35, from which it is expected to attempt a rebound and further development of the bullish trend with the aim of growth near the level of 153.50.
GBP/JPY forecast Japanese Yen April 13, 2018
An additional signal in favor of growth will test the level of support. Previously, a strong signal was obtained for the buy of the pair Pound/Yen, due to the crossing of the signal lines at the level of 149.25.
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 149.70, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/JPY is with the breakdown of the resistance area and the closing above the level of 152.85.
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