| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The British Pound has surged by 450 pips or 3.13% against the Japanese Yen since the beginning of February. The currency pair breached the 147.50 level during this week's trading sessions.
All things being equal, the GBP/JPY exchange rate is likely to continue to trend bullish during the following trading session. Bullish traders might target the 150.00 level.
However, a resistance line formed by the upper boundary of an ascending channel pattern could provide resistance for the currency exchange rate this week.