GBP/JPY 4H Chart: Faces support cluster at 142.76

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Sell Neutral
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

The British Pound has edged higher by about 2.81% in values against the Japanese Yen during the last week. The currency pair reached January 25 high levels at 145.00 during the early hours of today's session.

As for the near future, the currency exchange rate is likely to continue moving in an ascending channel pattern until it reaches the upper boundary at the 147.49 region.

Though, it is expected that the GBP/JPY currency pair makes a brief pullback towards a support cluster formed by the 50– and 100-hour SMAs at 142.76 during the following trading sessions.

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