GBP/JPY bullish run likely to continue - Technical Analysis - Dukascopy Bank
Thu, 13 May 2021 07:31:20 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
30%
-7.3%
Shorts
72%
70%
2.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
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 surged by 76 pips or 0.50% against the Japanese Yen on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.
Everything being equal, the GBP/JPY currency exchange rate could continue to trend bullish during the following trading session. A breakout through the upper line of the channel pattern could occur.
However, if the ascending channel holds, a decline towards the 153.00 level could be expected today.
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