Currency pair British Pound to Japanese Yen GBP/JPY is trading at 141.697. 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. The pair GBP/JPY is expected to rise near the level of 142.400, where it is expected to try to fall and further develop the bearish trend near the level of 140.100.
GBP/JPY forecast Pound Yen on June 7, 2017
Previously, a strong signal was received for the sale of the pair Pound/Yen, due to the crossing of signal lines at 142.740. 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 144.100, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in the quotations of the pair GBP/JPY is with the breakdown of the local minimum area at 140.800.
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