| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The bearish sentiment that began late January has guided the GBP/JPY currency pair lower towards the September 2017 low level at 143.16. This mark –8.47% decrease in price during the last six months.
The 200-hour simple moving average has directed the exchange rate further south during the past few weeks. At the time of this analysis, the pair was stranded between SMAs. The 200-hour moving average was providing resistance at 146.54 while the 55-hour SMA was providing support.
In the meantime, technical indicators favour bears to continue controlling the market within this session. Meanwhile, a breakout could be expected from the SMAs within the next trading hours.