GBP/JPY could edge higher - Technical Analysis - Dukascopy Bank
Fri, 23 Apr 2021 07:24:13 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
26%
4.8%
Shorts
73%
74%
-1.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday's trading session.
The exchange rate rebounded from the support line, as mentioned earlier, during the London session on Friday.
Most likely, the GBP/JPY pair could continue to edge lower during the following trading session.
However, a resistance cluster near the 150.25 area could provide resistance for the currency exchange rate in the shorter term.
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