Currency pair British Pound to Japanese Yen GBP/JPY is trading at 142.301. 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. Ichimoku Kinko Hyo Cloud near the level of 142.900 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 140.300.
GBP/JPY forecast Pound Yen June 5, 2017
Earlier, a weak signal was received for buying the pair of British Pound to Japanese Yen, due to the crossing of signal lines at 142.600. 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 quotations above the 144.000 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in the quotations of the pair GBP/JPY is with the breakdown of the local minimum area at 140.900.
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