| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 27% | 4.1% |
| Shorts | 72% | 73% | -1.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ` |
The British Pound fell by 44 pips or 0.28% against the Japanese Yen on Thursday. The decline was stopped by the 50– hour simple moving average during Thursday's trading session.
The exchange rate is currently trading near a support level formed by the 50– hour SMA at 155.38.
If the support level holds, bullish traders could pressure the GBP/JPY pair higher during the following trading session.
However, if the currency exchange rate breaks the 50– hour moving average, a decline towards the 154.50 area could be expected.