GBP/JPY bulls could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%26%5.5%
Shorts73%74%-2.1%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuySellSell
Aggregate

On Thursday, the British Pound edged higher by 97 pips or 0.64% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

All things being equal, the exchange rate could continue to trend higher during the following trading session. The potential target for buyers will be near the 153.00 level.

However, the currency exchange rate could encounter resistance at 152.60 within this session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.