GBP/JPY 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇗

[ANNOUNCE]The British Pound has surged by 1.89% against the Japanese Yen since January 19. The currency pair tested the upper boundary of an ascending channel pattern at 144.00 during this week's trading sessions.[/ANNOUNCE]

As for the near future, the exchange rate could continue to trend bullish. A breakout through the upper line of an ascending channel pattern could occur during this week's trading sessions.

However, if the channel pattern holds, the currency exchange rate will make a pullback towards the 141.50 area during the following trading sessions.

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