GBP/JPY decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%28%2.8%
Shorts71%72%-1.1%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇒

[ANNOUNCE]The British Pound declined by 60 pips or 0.39% against the Japanese Yen on Friday. The currency pair breached the 50– and 200– hour SMAs during Friday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge lower during the following trading session. A breakout could occur through the lower boundary of a descending channel pattern.

However, if the channel pattern holds, the GBP/JPY currency exchange rate would make a brief pullback towards the resistance cluster at 155.24 within this session.

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