| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Pound Sterling has increased its trading range against the Japanese Yen. The upside movement began on September 3 and had since gained about 4.89% in value.
Currently, the currency pair is trading near a resistance level formed by the weekly R1 at 133.49.
If the exchange rate passes the weekly R1, as mentioned earlier, bulls might continue to dominate the GBP/JPY pair during next week's trading sessions.
In a second scenario, the weekly R1 at 133.49 could provide resistance for the currency exchange rate and drive the price towards the 50– period SMA at 130.79 during the following trading sessions.