| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 28% | 0.0% |
| Shorts | 72% | 72% | 0.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Pound Sterling edged higher by 62 pips or 0.40% against the Japanese Yen on Thursday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
Everything being equal, the GBP/JPY exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders will be near the 154.50 level.
However, the upper boundary of a descending channel pattern could provide resistance for the currency exchange rate within this session.