Еру currency pair Pound Yen GBP/JPY is trading at the level of 138,83. The pair is trading below the lower limit of the Ichimoku Cloud, which indicates the presence of a downward trend for the pair Pound Yen. Expected lower limit of the Ichimoku Cloud test near the level of 139.50, from which we can expect an attempt to drop and the development of the bearish trend for this pair to lower levels 137.50.
Ichimoku Kinko Hyo Forecast GBP/JPY on March 24, 2017
Previously it received a strong signal to sell the pair Pound Yen, by the intersection of the signal lines at the level of 139.30. Cancellation option will drop the breakdown of the upper limit of the Ichimoku Cloud with closing quotations above 139.80 field that will indicate the change of the downward trend in favor of the rising. Is expected to accelerate the fall of quotes GBP/JPY is a breakdown of the local minimum area at 138.70.
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