GBP/JPY decline to continue - Technical Analysis - Dukascopy Bank

Fri, 16 Apr 2021 07:00:38 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs27%29%-8.4%
Shorts73%71%3.0%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellBuy
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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