| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Buy | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Sterling has weakened against the Japanese Yen considerably since mid-April when the given exchange rate was located at the 154.00 mark. During this period of depreciation, the Pound breached two channels the most junior of which surrendered mid-today.
This decline has sent technical indicators in the oversold territory, especially on the longer-term time-frames. This points to possible appreciation in the medium term.
If looking at technical patterns, there is still some potential south until the 1.41 mark where the bottom boundary of a six-month channel down and the monthly S3 are located. This fall might happen within the following week prior to the pair gaining bullish momentum and reaching the monthly R1 at 148.00.