| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The British Pound has maintained a medium-term ascending channel pattern against the Japanese Yen since the beginning of January. This medium-term channel has guided the currency pair near a November high level at 148.58 during this time period.
The exchange rate was trading near the bottom border of the channel pattern during the morning hours of today's trading session and could be set for a breakout.
If this breakout occurs, bearish traders could push the currency exchange rate towards a psychological level at 144.00.
However, traders are advised to be careful before taking a trade because of the political event in the United Kingdom.