| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Pound Sterling has appreciated about 221 base points against the Japanese Yen during the past week. The exchange rate has breached the weekly pivot point at 142.51.
Currently, the currency pair is stranded between SMAs. The 100-hour simple moving average is providing resistance for the rate art 142.86, while the 50-hour SMA is providing support.
Technical indicators suggest that the currency exchange rate could maintain its ascending channel during the following trading sessions. The potential upside target will be at the 145.00 mark.
However, the rate could reverse from the current price level and breaks the channel pattern.