| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 27% | -2.2% |
| Shorts | 73% | 73% | 0.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The 200– hour simple moving average provided resistance for the GBP/JPY currency pair on Wednesday. As a result, the Pound Sterling fell by 79 pips or 0.51% against the Japanese Yen during Wednesday's trading session.
Currently, the exchange rate is trading near the lower boundary of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the weekly support level at 154.07 could be expected in this session.
However, if the channel pattern holds, buyers could target the resistance line at 155.18 today.