| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Pound recently encountered a resistance line of a medium term horizontal channel pattern against the Japanese Yen. As a result a bounce off and a decline followed. However, on Thursday the decline was stopped.
The fall was stopped by the lower trend line of the active junior channel up pattern, which is holding its ground.
Meanwhile, it has to be noted that the pair has already reached previously a lower trend line of a much larger channel up pattern. This fact indicates that the currency pair will break the medium pattern, and the junior channel might be the guide in this process.