| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The British Pound has increased its trading range against the Japanese Yen. The upward movement started on October 9 and had since gained about 7.42% in value.
Currently, the 50– period simple moving average is providing support for the currency pair at 140.06.
If the support level continues to hold, a surge towards the weekly R3 at 145.97 could occur.
However, if the currency exchange rate breaks the 50– period SMA, bearish traders might target the 137.43 area in the short-term.