| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The GBP/JPY currency pair has been trading downwards since the middle of February after the pair reversed south from the upper boundary of the long-term descending channel pattern.
From a theoretical perspective, the British Pound could continue to trade downside against the Japanese Yen during the following trading sessions. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the given channel pattern holds, an upside reversal could follow within next week's trading sessions.