| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The British Pound has continued to edge higher in an ascending channel pattern against the Japanese Yen. The currency pair tested the lower boundary of an ascending channel pattern at 138.00 on December 7.
The exchange rate is likely to continue to trend in the ascending channel pattern during the following trading sessions. The possible target for bullish traders would be near the 142.00 area.
However, the weekly R1 at 140.95 could provide resistance for the GBP/JPY currency exchange rate within this week's trading sessions.