GBP/JPY breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs25%26%-4.6%
Shorts75%74%1.5%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellBuySell
Aggregate

Downside risks dominated the GBP/JPY currency pair on Tuesday. As a result, the British Pound plunged by 138 pips or 0.91% against the Japanese Yen during Tuesday's trading session.

Given that a breakout has occurred, bearish traders could continue to drive the exchange rate lower during the following trading session. The possible target for sellers would be near the 150.80 area.

However, a support level at 151.22 could provide support for the currency exchange rate within this session.

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