| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 28% | -1.5% |
| Shorts | 73% | 72% | 0.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Great British Pound declined by 92 pips or 0.61% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The exchange rate bounced off a support level at 149.65 during the Asian session on Wednesday. Most likely, the GBP/JPY could target the 150.72 level during the following trading session.
However, the 50– hour SMA at 150.21 could provide resistance for the currency exchange rate in the shorter term.