Currency pair British Pound to Japanese Yen GBP/JPY is trading at 142.461. The pair continues to trade below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates a bearish trend in the pair Pound/Yen. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 142.800, from which one should expect an attempt to fall and further develop the bearish trend near the level of 140.000.
GBP/JPY forecast Pound Yen on June 9, 2017
Previously, a strong signal was received for the sale of the pair of 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 quotations above the area of 142.800, 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 140.600.
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