| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The British Pound is trading against the Japanese Yen in a recently formed descending channel. The pattern represents a rebound of the currency exchange rate from the second peak of the double top formation. For the moment, the channel has already four confirmation points and, thus, might be broken in the nearest future. It is possible that an impulse given by a combination of the 200-period SMA and the monthly PP at 143.89 will be strong enough to push the rate though the upper edge of the channel. This scenario is supported by the fact that the northern side is not backed up by any meaningful barriers except for the updated weekly PP at 145.39. Nevertheless, taking into account the way the rate moved previously, it is unlikely that it would climb so vertically to reach that resistance line.