| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Buy |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ` |
The bearish momentum which started mid-July has driven the Great British Pound lower against the Japanese Yen. This mark 6.20% decreased in price range during this short period.
After hitting the lower boundary of a junior descending channel, the currency pair made a U-turn north. As a result, the pair breached the 55-hour simple moving average and the weekly R1 at 142.29.
Given that the currency exchange rate has breached the 55-hour SMA, the next resistance level the price is likely to target could be the upper boundary of the descending channel during the following trading sessions.