GBP/JPY tests 200– hour SMA - Technical Analysis - Dukascopy Bank
Wed, 21 Apr 2021 07:27:52 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
25%
10.9%
Shorts
72%
75%
-4.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Buy
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇗
⇒
⇗
Downside risks dominated the British Pound against the Japanese Yen on Tuesday. The GBP/JPY exchange rate declined by 130 pips or 0.86% during Tuesday's trading session.
All things being equal, the currency pair is likely to continue to edge lower during the following trading session. The potential target for bearish traders will be near the weekly S1 at 149.67.
However, a support level formed by the 200– hour simple moving average at 150.34 could provide support for the currency exchange rate within this session.
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