Currency pair British Pound to Japanese Yen GBP/JPY is trading at 146.614. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair of British Pound to Japanese Yen. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 146.200, from which one should expect an attempt at growth and development of the bullish tendency for the pair with a target of growth near the level of 149.400.
GBP/JPY forecast Pound Japanese Yen on May 16, 2017
Earlier, a weak signal was received for the sale of the pair British Pound to Japanese Yen GBP/JPY, due to the crossing of the signal lines at the level of 146.900. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes of the pair below the 145,000 area, which will indicate a change in the uptrend in favor of the downward trend. Expect the acceleration of the growth of quotations GBP/JPY is with the breakdown of the local maximum area at 148.400.
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