GBP JPY forecast Pound against the yen on July 21, 2016


Currency Pound Yen GBP JPY continues to trade in the forex reversal pattern within the head and shoulders. To date, close quotes are testing the neckline, a break of which will trigger the continuation of GBP JPY falling to below 134.

GBP JPY forecast Pound against the yen on July 21, 2016

GBP JPY forecast Pound against the yen on July 21, 2016

Cancellation option pound yen pair falling will be strong growth above the level of 141, which will lead to the cancellation of the forex head and shoulders pattern and could trigger an upward correction in the model value upward.

GBP JPY forecast Pound against the yen on July 21, 2016 assumes a continuation of falling of quotations GBP JPY within the completion of work on the forex pivot head and shoulders pattern with the target below 141.


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