| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 30% | 28% | 5.5% |
| Shorts | 70% | 72% | -2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
On Friday, the British Pound surged by 124 pips or 0.83% against the Japanese Yen. The surge was stopped by a resistance level formed by the 200– hour simple moving average at 150.68 during Friday's trading session.
The exchange rate is currently trading near the upper line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, bullish traders could pressure the GBP/JPY pair higher within this session.
However, if the channel pattern holds, a decline towards the 149.00 level could be expected today.