GBP/JPY decline likely to continue - Technical Analysis - Dukascopy Bank
Wed, 07 Apr 2021 07:31:22 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
26%
12.1%
Shorts
70%
74%
-5.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Sell
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇒
Downside risks have dominated the British Pound against the Japanese Yen since yesterday's trading session. The currency pair tested the weekly support level at 151.29 on Wednesday morning.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for sellers will be near the 150.80 level.
However, the currency exchange rate might bounce off from a support level at 151.29 within this session.
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