| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The British Pound has continued to gain strength against the Japanese Yen. The currency pair appreciated about 1.38% in values during the previous week trading session.
The 50– hour simple moving average and the weekly pivot point at 146.97 is currently providing support for the exchange rate.
If this support cluster holds, bulls could drive the currency exchange rate towards the upper boundary of an ascending channel pattern at 151.08 during the following trading session.
On the other hand, if the pair passes the cluster, a decline towards the 100-hour SMA at 145.11 could be expected in the short-term.