| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
After breaking out of the previously active triangle pattern the Pound has revealed a rather unusual pattern against the Japanese Yen. However, unordinary patterns are quite common on this risk on versus risk off currency pair.
As a result of the breakout the currency pair plummeted until it met with the support of a descending wedge pattern. The wedge is most likely going to guide the pair down to the support line of a medium channel up pattern.
Meanwhile, the rate is likely going to surge in the upcoming hours, as the pair is being pushed higher by the 100-period simple moving average, which is strengthened by the weekly S1 near the 149.50 mark.