GBP/JPY 4H Chart: Decline likely to continue - Trade Pattern Ideas - Dukascopy Bank
Thu, 11 Apr 2019 05:49:32 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇘
⇗
⇗
The British Pound has depreciated about 3.32% in value against the Japanese Yen since the currency pair reversed from the upper boundary of a descending channel pattern at 148.78.
As for the near future, it is likely that the exchange rate continues its decline in the descending channel pattern.
The GBP/JPY currency exchange rate will target a support cluster formed by the combination of the weekly and the monthly pivot points at 142.94 during the following trading sessions.
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