GBP/JPY breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%25%8.5%
Shorts73%75%-3.2%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The British Pound has declined by 74 pips or 0.48% against the Japanese Yen on Tuesday. The currency pair tested the lower boundary of a descending channel pattern at 152.82 during Tuesday's trading session.

As for the near future, the exchange rate could continue to edge lower in the descending channel pattern. A breakout through the lower boundary of the channel pattern could occur.

However, the support level at 152.80 could provide support for the GBP/JPY currency exchange rate within this session.

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