| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 28% | 3.7% |
| Shorts | 71% | 72% | -1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Since Monday's trading session, the British Pound has edged higher by 61 pips or 0.39% against the Japanese Yen. A breakout occurred through the upper line of a descending channel pattern during the Asian session on Tuesday.
Given that a breakout has occurred, buyers could continue to drive the exchange rate higher today. The potential target for the GBP/JPY currency pair will be near the 158.00 level.
However, the 200– hour simple moving average at 156.84 could provide resistance for the currency exchange rate within this session.