| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
Bullish impulse has dominated the British Pound against the Japanese Yen since last week's trading sessions. The currency pair has appreciated about 6.60% in value during this period.
As for the near future, the GBP/JPY exchange rate could make a brief retracement towards the 136.90 region, which was a previous resistance level, that will act as a new support line.
However, if the UK Prime Minister Boris Johnson secures the Brexit agreement, strong upside momentum could be expected within the following trading sessions.