| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇓ | ⇒ | ⇗ |
Although the previously marked falling wedge has been broken, the GBP/JPY has reached the lower trend line of the medium scale ascending channel pattern.
The mentioned support line is being strengthened by the support of the weekly S2 and the monthly pivot point, which both are located near the 148.30 mark. Due to that reason it can be expected that the Pound will soon make its rebound against the Japanese Yen. The rebound, in accordance with the technical chart, could begin a surge that would lost more than a month.
However, fundamentals might change and the support fails. In that case the 147.00 mark will be the next target for the decline.