GBP/JPY decline to continue - Technical Analysis - Dukascopy Bank
Fri, 16 Apr 2021 07:00:38 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
29%
-8.4%
Shorts
73%
71%
3.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Buy
Neutral
Alligator(13;8;5)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The British Pound traded with low volatility against the Japanese Yen on Thursday. The GBP/JPY currency pair declined by 46 pips or 0.31% during yesterday's trading session.
As for the near future, the exchange rate could continue to edge lower. Bearish traders are likely to target the weekly support level at 148.76 during the following trading session.
However, the currency exchange rate could reverse from an order block at 149.21 within this session.
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