| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The British Pound has declined by 4.93% against the Japanese Yen since September 1. The GBP/JPY currency pair tested the 135.50 level during this week's trading sessions.
All things being equal, the exchange rate could continue to edge lower in a descending channel pattern through the following trading sessions. The potential target for bears would be at the 133.00 area.
On the other hand, the currency exchange rate could make a U-turn from the current price level at 135.78 and target the 138.50 mark during next week's trading sessions.