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GBP/JPY 4H Chart: Breakout occurs

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The Pound Sterling has depreciated about 178 base points against the Japanese Yen since April 18. A breakout occurred through the lower boundary of a four-month ascending channel pattern at 145.76.[/ANNOUNCE]

Given that a breakout had occurred, most likely, the currency pair will continue its decline within this week's trading session. The short-term target for bears would be at 143.93.

Although, the currency exchange rate faces a support level formed by the weekly S2 at 144.21.

If the support line holds, a brief upward retracement could be expected during the following trading sessions.

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25 Apr 2019

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25 Apr 2019

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24 Apr 2019

EUR/CHF 1H Chart: Short-term advance expected

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