GBP/JPY could maintain channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs26%27%-5.1%
Shorts74%73%1.8%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuySellSell
Aggregate

Upside risks dominated the GBP/JPY currency pair on Tuesday. As a result, the British Pound edged higher by 126 pips or 0.83% against the Japanese Yen during yesterday's trading session.

As for the near future, the exchange rate could continue to edge higher in a narrow ascending channel pattern. The potential target for buyers will be near the 153.00 area.

However, the currency exchange rate could encounter resistance at 152.59 within this session.

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