GBP/JPY breached 153.00 level

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%27%7.2%
Shorts71%73%-3.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇒⇒⇗

[ANNOUNCE]The British Pound declined by 169 pips or 1.09% against the Japanese Yen on Thursday. The currency pair breached the 153.00 level during the London session on Friday.[/ANNOUNCE]

Given that the exchange rate has breached the support line at 153.24, sellers are likely to continue to drive the GBP/JPY pair lower during the following trading session.

However, a support level at 152.58 could provide support for the currency exchange rate in the shorter term.

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