The currency pair Pound to Japanese Yen GBP/JPY is trading at 137.826. The pair continues to trade below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the pair of Pound Yen. It is expected to test the area of signal lines near the level of 138.100, from which one should expect an attempt to fall and develop a bearish tendency for a pair to reduce the level of 136.300.
Ichimoku Kinko Hyo GBP/JPY Prediction on April 7, 2017
Earlier, a medium strength signal was received for the sale of the Pound Yen pair, due to the intersection of the signal lines at 138.800. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 139.000, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in quotations GBP/JPY is with the breakdown of the local minimum area at 137.500.
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