Standard Bank recommends to sell pound / yen

Currency strategists recommend Standard Bank to sell pound / yen from current levels. As noted in the bank, the indicators for the pound / yen has been negative since 15 January, when the pair was trading at 148.25. Despite the fact that since the British currency has fallen, the indicators remain in negative territory, indicating the likelihood of further decline pound / yen. The bank preferred to sell a couple on the best rate from the first to 143.10, then 141.10 and a stop at 147.40. At the moment couple pound / yen is at 144.40.