| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇑ | ⇒ | ⇗ |
After the recent developments on the fundamental side from the Pound the GBP/JPY pair has forced for an adjustment in the active channel down pattern. The channel was slightly tilted to the upside after the recent developments.
Meanwhile, on a smaller timeframe one can notice that the pair has traded in an ascending channel pattern. The pattern has already reached the upper trend line of the dominant channel. However, a bounce off is not occurring due to the support of the four hour 55-period simple moving average, which is providing strong support.
In regards to the near future the pair is set to approach even stronger support, as the weekly and monthly PPs are located at 148.30 mark.