GBP/JPY two scenarios likely - Technical Analysis - Dukascopy Bank
Mon, 19 Apr 2021 06:49:19 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
27%
7.4%
Shorts
71%
73%
-3.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇘
⇗
Upside risks dominated the GBP/JPY currency pair on Friday. As a result, the Great British Pound surged by 110 pips or 0.74% against the Japanese Yen during Friday's trading session.
All things being equal, bulls could continue to pressure the exchange rate higher during the following trading. A breakout through a resistance line at 150.72 is likely to occur.
However, if the resistance level holds, bearish traders could target the 149.60 area during the following trading session.
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