| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Pound Sterling has appreciated about 500 base points against the Japanese Yen during the past one week. The currency pair was supported up by the 200-hour simple moving average.
Technical indicators flash bullish signals on both the 4(H), daily and weekly time frames chart. Therefore, the exchange rate could end this week's trading sessions with bullish momentum.
However, traders need to be aware of a significant resistance level at 148.58. If the pair breaks the level, bullish traders could push the rate higher during the following trading sessions.