| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
[ANNOUNCE]The British Pound has been appreciating against the Japanese Yen after the exchange rate bounced off the lower boundary of an ascending trendline at 142.77 on October 26.[/ANNOUNCE]
The currency pair was trading near the upper boundary of a downtrend line at 147.13 during the Asian session on Monday and could be set for a potential breakout.
If this breakout occurs, the GBP/JPY currency pair will aim at the upper border of a dominant descending channel at 148.22 during the following trading sessions.
Moreover, technical indicators suggest that the expected advance might occur in the next 24hrs.