GBP/JPY 4H Chart: Decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The British Pound has depreciated about 3.32% in value against the Japanese Yen since the currency pair reversed from the upper boundary of a descending channel pattern at 148.78.

As for the near future, it is likely that the exchange rate continues its decline in the descending channel pattern.

The GBP/JPY currency exchange rate will target a support cluster formed by the combination of the weekly and the monthly pivot points at 142.94 during the following trading sessions.

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