GBP/JPY 4H Chart: Remains stable

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇘

[ANNOUNCE]The British Pound has appreciated about 2.25% in value against the Japanese Yen since August 12. The currency pair tested a resistance level formed by the 100– period simple moving average at 129.15.[/ANNOUNCE]

Most likely, the GBP/JPY exchange rate could continue to inches higher during the following trading sessions. Bullish traders might aim for the 200-hour SMA at 132.04 next week.

Furthermore, technical indicators suggest that the currency exchange rate would trade north until the end of this week's trading sessions.

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