| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 25% | 26% | -1.5% |
| Shorts | 75% | 74% | 0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Wednesday, the British Pound surged by 86 pips or 0.56% against the Japanese Yen. The currency pair breached the psychological resistance level at 155.00 during Wednesday's trading session.
Bullish traders could continue to drive the GBP/JPY exchange rate higher. A breakout through the upper line of an ascending channel pattern could occur within this session.
However, if the channel pattern holds, the currency exchange rate might make a pullback towards the 50– hour simple moving average at 154.51 today.