| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The British Pound has edged higher by 2.77% against the Japanese Yen since March 1. The 50– period simple moving average pressured the currency pair during this period.
All things being equal, the exchange rate could continue to surge during the following trading sessions. The potential target for the GBP/JPY pair will be near the 155.00 level.
However, the weekly R1 at 152.82 could provide resistance for the currency exchange rate within this week's trading sessions.