Currency pair British Pound to Japanese Yen GBP/JPY is closing the trading week at 144.237. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair British Pound to Japanese Yen. A test of the area of signal lines near the level of 142,000 is expected, from which one should expect an attempt to grow and develop a bullish trend for a pair with a target of growth near the level 151.100.
GBP/JPY forecast Pound Yen on May 22 — 26, 2017
Earlier, a weak signal was received for buy of the pair British Pound to Japanese Yen GBP/JPY, due to the crossing of the signal lines at the level 139.380. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair’s quotations below the area of 139.500, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations pair GBP/JPY with the breakdown of the local maximum area at 149.700.
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