| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The British Pound has declined by 2.50% against the Japanese Yen since the middle of April. A breakout occurred through the lower boundary of an ascending channel pattern on April 30.
Given that a breakout had occurred, the GBP/JPY exchange rate could continue to decline. Bearish traders might target the 131.00 area during next week's trading sessions.
However, the monthly pivot point at 132.23 could provide support for the currency exchange rate during the following trading sessions.