GBP/JPY 4H Chart: Plummets on fundamentals

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

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

The GBP/JPY pair has once more broken various patterns and ignored various levels of significance due to a fundamental event. Although, due to the still high demand for the currency pair on the Swiss Foreign Exchange, a review of the pair is conducted by the Dukascopy Analytics team. 

During the latest fall of the currency exchange rate the pair plummeted through two support clusters at 152.50 and 151.90 until it was finally stopped near the 150.30 level. At that level the most dominant pattern's support line and the monthly S2 are located. 

The support has forced a rebound, which on Friday was being slowed down by the 200-period SMA at the 151.30 mark.

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