| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| 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 1.88% against the Japanese Yen since the beginning of January. The currency pair breached the 142.00 level during this week's trading sessions.
As for the near future, the exchange rate is likely to continue to edge higher during the following trading sessions. The potential target for bullish traders would be near the 143.50 level.
However, a resistance line at 142.00 could still provide a barrier for the currency exchange rate in the shorter term.