GBP/JPY 4H Chart: Could make brief retracement

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)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]The British Pound has surged by 3.03% against the Japanese Yen since the middle of August. The exchange rate tested the upper boundary of an ascending channel pattern at 142.50 on August 31.[/ANNOUNCE]

As for the near future, the currency pair could continue to edge higher. A breakout through the upper boundary of an ascending channel pattern could occur during the following trading sessions.

On the other hand, the currency exchange rate could make a brief retracement towards a support cluster at 140.45 within this week's trading sessions.

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