GBP/JPY 4H Chart: Two scenarios likely

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

Since the beginning of September, the GBP/JPY currency pair has been trading downwards.  

It is likely that the exchange rate could be pushed down by the 200-period moving average near 138.00 in the nearest future. In this case the rate could gain support from the Fibos 50.00% and 61.80%, located at 133.29 and 131.23 respectively.

On the other hand, it is likely that the currency pair could gain support from the 55-period moving average near 135.00 and extend gains within the following trading sessions. Note that the pair could face the resistance level at 142.00.

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