GBP/JPY 4H Chart: Continues to surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Pounds has continued the surge against the Japanese Yen since the last review of the currency exchange rate. However, there has been one negative aspect to the surge.

The currency pair had slightly moved out of the borders of the previously drawn ascending channel pattern. The move occurred, when the pair went down until it was stopped by the support of the 55-period SMA and the monthly pivot point near the 151.80 mark. Due to that reason the trend lines have been adjusted. 

In regards to the near future, the pair is set to search for support at the 153.00 mark. Afterwards the surge is expected to continue.

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