| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 26% | 27% | -3.1% |
| Shorts | 74% | 73% | 1.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The British Pound has surged by 53 pips or 0.35% against the Japanese Yen since yesterday's trading session. The currency pair tested the upper line of a descending channel pattern during the London open on Tuesday.
Everything being equal, the exchange rate could continue to edge higher during the following trading session. The GBP/JPY pair is likely to break the descending channel pattern today.
However, if the channel pattern holds, a decline towards the weekly support level at 153.51 could be expected in this session.