Pound Yen currency pair GBP/JPY is trading at 139.44. The pair continues to move below the moving average with a period of 55, indicating a downward trend. The pair is testing the area of the lower border of the indicator, which is an area of support and there are risks to see a rebound attempt quotes GBP/JPY to 140, where once again we can expect the fall of the pound, the yen quotations.
Bollinger Bands GBP/JPY forecast on March 7, 2017
The purpose of the fall is the area on the lower level of 138.50. Conservative area for sale are located near the upper boundary of Bollinger Bands strips at the level of 140.70, this field will indicate the probable breakdown of the change of trend in favor of the rising. Expect acceleration of decrease in pair of quotes is from the breakdown area 139.00.
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