GBP/JPY prediction Pound Yen on May 31, 2017



Currency pair British Pound to Japanese Yen GBP/JPY is trading at 142.561. The pair continues to trade below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates a downward trend in the pair of Pound to Yen. It is expected to test the area of ​​signal lines near the level of 143.400, from which one should expect an attempt to fall and further develop the bearish trend near the level of 141.500.

GBP/JPY prediction Pound Yen on May 31, 2017

GBP/JPY prediction Pound Yen on May 31, 2017

Previously, a strong signal was received for the sale of the pair GBP/JPY, due to the crossing of the signal lines at 144.400. 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 downward 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 141.900.


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