| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Sell |
| Alligator (13; 8; 5) | Neutral | Neutral | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Pound Sterling has been constrained by an ascending channel against the Japanese Yen. The currency pair bounced off a six-month low on March 2 and has since been gaining strength.
After piercing a resistance cluster set by the weekly R1 and the Monthly R1 near 150.05 the exchange rate reverse south. However, a support cluster set by the 100– and 200– hour simple moving averages with the combination of the weekly pivot point at 148.65 might provide support for the pair.
Everything being equal, the GBP/JPY currency exchange rate is likely to maintain the ascending pattern during the following trading sessions. In addition, the pair could reverse from the bottom border within this trading day.