GBP/JPY bulls could prevail - Technical Analysis - Dukascopy Bank
Mon, 10 May 2021 07:09:32 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
25%
15.0%
Shorts
71%
75%
-6.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
Upside risks have dominated the British Pound against the Japanese Yen since Friday's trading session. The GBP/JPY currency pair has surged by 190 pips or 1.25% during this period.
As for the near future, the exchange rate is likely to continue to trend bullish. Buyers could target the weekly resistance level at 153.89 within the following trading session.
However, a resistance level at 153.36 could provide resistance for the currency exchange rate in the shorter term.
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