Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Sell |
Alligator (13; 8; 5) | Sell | Buy | Sell |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇘ |
The British Pound has depreciated about 1.99% in values against the Japanese Yen since January 25.
The exchange rate is currently trading near the lower boundary of a junior ascending channel pattern at 142.01.
If the currency pair passes the bottom border of the channel pattern, a decline towards a support cluster formed by the 200-hour simple moving average and the weekly S2 at 140,71 could be expected.
However, if the junior ascending channel holds, bulls might target a resistance level at 144.68 in the shorter term.