GBP/JPY 4H Chart: Reveals new junior pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate ⇒ ⇗ ⇘

[ANNOUNCE]The bullish momentum which dominated the GBP/JPY currency pair since early July has resulted in the pair to revealed a new junior ascending pattern.[/ANNOUNCE] This channel has guided the rate higher toward the upper boundary of a medium-term uptrend channel.

The exchange rate bounced off the lower boundary of the medium-term ascending pattern where the monthly and the weekly support level near 144.14 is located and began moving upwards. However, the rate has encountered a resistance formed by the aforementioned up border.

Everything being equal, it is expected that the currency exchange rate continues moving to the upside in the short term.  

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