GBP/JPY bullish run to continue - Technical Analysis - Dukascopy Bank
Thu, 29 Apr 2021 06:46:16 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
25%
9.2%
Shorts
72%
75%
-3.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
The British Pound edged higher by 51 pips or 0.34% against the Japanese Yen on Wednesday. The currency pair breached the weekly R1 at 151.41 during Wednesday's trading session.
All things being equal, the exchange rate is likely to continue the bullish run during the following trading session. The possible target for bullish traders will be near the 152.50 level.
However, the resistance line at 151.88 might provide a barrier for the currency exchange rate in the shorter term.
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