| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 29% | 2.1% |
| Shorts | 71% | 71% | -0.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Pound Sterling surged by 78 pips or 0.52% against the Japanese Yen on Monday. The currency pair breached a resistance cluster at 150.23 during yesterday's trading session.
The exchange rate is currently trading near the upper line of a descending channel pattern at 150.34.
If the channel pattern holds, bearish traders are likely to pressure the GBP/JPY pair lower today.
However, if the currency exchange rate breaks the descending channel, a surge towards the weekly R1 at 151.41 could be expected within this session.