Currency pair British Pound to Japanese Yen GBP/JPY is trading at 142.863. The pair continues to trade below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates a bearish trend in the pair of Pound/Yen. Ichimoku Kinko Hyo Cloud near the level 143.500 is expected to test the lower boundary, from which one should expect an attempt to fall and further develop the bearish trend near the level of 141.000.
GBP/JPY forecast Pound to Yen on June 2, 2017
Previously, a strong signal was received for the sale of the currency pair GBP/JPY, due to the crossing of the signal lines at 144.400. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 143.800, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall of the pair GBP/JPY quotations is with the breakdown of the local minimum area at the level of 141.500.
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