| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Pound Sterling has depreciated about 230 base points against the Japanese Yen on June 27. The currency pair was pressured south by the 200-hour simple moving average.
The exchange rate bounced off a support level formed by the weekly S2 at 135.22 on July 3. Most likely, the GBP/JPY currency pair could aim for a resistance level formed by the 50– and 100-hour SMAs at 136.69 before the end of this week's trading sessions.
If the resistance line holds, the currency exchange rate will continue its downward movement during next week's sessions.