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 | Buy | Buy |
Aggregate | ⇓ | ⇗ | ⇗ |
The Pound has made another rather unpredictable move against the Japanese Yen. However, this fundamental event dominated currency exchange rate can still be charted.
On a larger scale the pair has broken a channel up pattern and revealed a channel down pattern. The whole move has occurred in the borders of an even larger scale ascending channel pattern.
Meanwhile, the main focus is on the four hour chart, where a junior descending pattern is guiding the rate down to the combined support of the weekly and monthly S1s, which are likely o be reached soon.