| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The British Pound has increased its trading range against the Japanese Yen. This bullish momentum started on August 20 and had since breached the upper boundary of a six-month descending channel at 148.00.
Currently, the exchange rate has tested a resistance level formed by the weekly R2 at 149.49 and also, trading near the upper boundary of a one-month ascending channel and could be set for a breakout.
However, If that resistance region holds, the GBP/JPY currency exchange rate is likely to make a temporary pullback towards a support cluster formed by the weekly and the monthly pivot points near the 147.45 mark.