Currency pair GBP/JPY British Pound to Japanese Yen is trading at 148.79. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 148.20 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the target of growth near the level of 150.45.
Pound Yen forecast GBP/JPY on March 15, 2018
An additional signal in favor of growth will be a test of the support level, as well as a test of the lower boundary of the channel. Earlier, a weak signal was received for buy of the Pound/Yen pair, due to the crossing of the signal lines at the level of 146.70.
The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 146.50, 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 149.50.
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