Currency pair GBP/JPY British Pound to Japanese Yen is trading at 150.23. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair of British Pound/Japanese Yen. The test area of Ichimoku Kinko Hyo signal lines near the level of 149.80 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 151.25.
GBP/JPY forecast Japanese Yen April 9, 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 British Pound/Japanese 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 148.60, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of GBP/JPY quotations is with the breakdown of the resistance area and the closing above the level of 150.75.