| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
Some time has passed since we reviewed the situation on the GBP/JPY pair. The reason for the review is the recent demand for it.
First of all the descending triangle pattern was broken. The reason now is clear, as there exists a dominant channel down pattern. The lower trend line of the channel provided the support needed for the Pound the rebound against the Japanese Yen.
In the aftermath of the rebound a short term ascending channel has been revealing itself. However, its lower trend line has not been reconfirmed since the night between August 23 and 24.
Although, it can be expected that the rate will confirm the lower trend line and afterwards continue to surge.