GBP/JPY 4H Chart: Faces support cluster at 142.76 - Trade Pattern Ideas - Dukascopy Bank
Thu, 21 Feb 2019 06:56:11 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Sell
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
The British Pound has edged higher by about 2.81% in values against the Japanese Yen during the last week. The currency pair reached January 25 high levels at 145.00 during the early hours of today's session.
As for the near future, the currency exchange rate is likely to continue moving in an ascending channel pattern until it reaches the upper boundary at the 147.49 region.
Though, it is expected that the GBP/JPY currency pair makes a brief pullback towards a support cluster formed by the 50– and 100-hour SMAs at 142.76 during the following trading sessions.
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