| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
Upside risks dominated the British Pound versus the Japanese Yen during the past week. The currency pair appreciated about 2.89% during last week's trading session.
A breakout occurred through the upper boundary of a dominant descending channel at 147.00 at the end of Wednesday's trading session.
Given that a breakout had occurred, it is likely that the GBP/JPY exchange rate continues to gain strength.
However, it is expected that the currency exchange rate makes a brief retracement down towards a support level at 144.03 in the short-term.