GBP/JPY 4H Chart: Tests resistance cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]The British Pound has appreciated by 1.87% in value against the Japanese Yen since the beginning of December. The currency pair was guided up by the 50– period simple moving average.[/ANNOUNCE]

Currently, the GBP/JPY exchange rate is testing a resistance cluster formed by the weekly R1 and the monthly R2 at 143.53.

If the resistance cluster holds, a decline towards the 141.26 zones could follow within next week's trading sessions.

However, if the currency exchange rate breaks the weekly R1 and monthly R2, a surge towards the upper border of an ascending channel pattern at 146.10 will be the next target.

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