Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 25% | 26% | -4.6% |
Shorts | 75% | 74% | 1.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Sell | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇘ | ⇗ | ⇒ |
Downside risks dominated the GBP/JPY currency pair on Tuesday. As a result, the British Pound plunged by 138 pips or 0.91% against the Japanese Yen during Tuesday's trading session.
Given that a breakout has occurred, bearish traders could continue to drive the exchange rate lower during the following trading session. The possible target for sellers would be near the 150.80 area.
However, a support level at 151.22 could provide support for the currency exchange rate within this session.