GBP/JPY tests 152.00 level - Technical Analysis - Dukascopy Bank
Tue, 20 Apr 2021 08:00:12 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
25%
29%
-14.6%
Shorts
75%
71%
4.9%
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
⇒
⇘
⇗
The British Pound has edged higher by 195 pips or 1.30% against the Japanese Yen since yesterday's trading session. The currency pair breached the weekly R2 at 151.69 on Tuesday morning.
The exchange rate is likely to continue to trend bullish during the following trading session. The potential target for buyers will be near the weekly resistance level at 152.50.
However, technical indicators suggest that the currency exchange rate could edge lower during this session.
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