Currency pair British Pound to Japanese Yen GBP/JPY is trading at 139.869. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair of Pound/Yen. It is expected to test the area of signal lines near the level of 140.600, from which one should expect an attempt to fall and further develop bearish tendency near the level of 138.000.
GBP/JPY forecast Pound Yen on June 14, 2017
Previously, a strong signal was received for the sale of the Pound/Yen pair, due to the crossing of the signal lines at the level of 141.120. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 141.800, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall of quotations GBP/JPY is worth a breakdown of the local minimum area at 138.600.
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