GBP/JPY 4H Chart: Buy signals - Trade Pattern Ideas - Dukascopy Bank

Thu, 31 Oct 2019 07:07:24 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The British Pound has increased its trading range against the Japanese Yen. The upward movement started on October 9 and had since gained about 7.42% in value.

Currently, the 50– period simple moving average is providing support for the currency pair at 140.06.

If the support level continues to hold, a surge towards the weekly R3 at 145.97 could occur.

However, if the currency exchange rate breaks the 50– period SMA, bearish traders might target the 137.43 area in the short-term.


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