GBP/JPY 4H Chart: Targets at 146.00 - Trade Pattern Ideas - Dukascopy Bank

Thu, 23 Jan 2020 06:28:30 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

The British Pound has surged by 1.94% in value against the Japanese Yen since January 8. The currency pair tested a resistance cluster formed by the weekly R1 and the monthly pivot point at 144.33 during yesterday's trading session.

The exchange rate will most likely continue to edge higher during the following trading sessions. The potential target for the GBP/JPY pair will be near a psychological resistance level at 146.00.

However, the resistance cluster at 144.45 could continue to provide resistance for the currency exchange rate in the shorter term.


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