| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 25% | 27% | -7.8% |
| Shorts | 75% | 73% | 2.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
Downside risks pressured the GBP/JPY currency pair lower on Tuesday. As a result, the British Pound fell by 183 pips or 1.20% against the Japanese Yen during yesterday's trading session.
The exchange rate is currently trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the support level at 149.50 could be expected today.
However, if the channel pattern holds, buyers may target the 50– hour SMA at 151.61 within this session.