23 Apr 2019
SGD/JPY 1H Chart: Short-term decline expected
Indicator4H1D1W MACD(12;26;9)SellBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralSell Alligator(13;8;5)SellBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇘⇗⇗ [ANNOUNCE] Last week, the SGD/JPY currency pair reached the upper boundary of the long-term descending channel located circa 82.50. [/ANNOUNCE] A apparent on the chart, the pair has already reversed south from the given boundary. Given that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected, that some downside