GBP/JPY 4H Chart: Likely to continue gaining strength

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

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

[ANNOUNCE]The British Pound has appreciated about 4.99% against the Japanese Yen since the pair reversed from July 2017 low at 132.89. The rate breached the 50-hour simple moving average at 138.03 on January 8.[/ANNOUNCE]

As for the near future, it is expected that the currency pair continues to gain strength during the following trading sessions.

The GBP/JPY currency exchange rate will target a strong resistance cluster formed by the combination of the 200-hour SMA, the monthly and the weekly pivot points at 141.71 next week.

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