GBP/JPY bulls likely to prevail - Technical Analysis - Dukascopy Bank
Wed, 05 May 2021 06:57:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
25%
3.2%
Shorts
74%
75%
-1.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
During the first half of Tuesday's trading session, the British Pound fell by 85 pips or 0.56% against the Japanese Yen. However, the currency pair recovered at the end of the session.
Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the exchange rate could continue to edge higher during the following trading session.
Though, the weekly resistance level at 152.41 could provide resistance for the currency exchange rate within the following trading hours.
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