| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Pound Sterling has depreciated about 178 base points against the Japanese Yen since April 18. A breakout occurred through the lower boundary of a four-month ascending channel pattern at 145.76.
Given that a breakout had occurred, most likely, the currency pair will continue its decline within this week's trading session. The short-term target for bears would be at 143.93.
Although, the currency exchange rate faces a support level formed by the weekly S2 at 144.21.
If the support line holds, a brief upward retracement could be expected during the following trading sessions.