Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Buy | Sell |
Alligator (13; 8; 5) | Neutral | Neutral | Buy |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇗ |
The Pound continued to trade in the previously charted channel down pattern against the Japanese Yen until November 10. A rebound then broke the pattern before the rate declined down to the monthly S1 at the 148.15 mark.
The rebound from this monthly pivot level revealed the existence of a lower trend line of a possible large scale channel down pattern. However, its upper trend line has not been confirmed, as it is drawn only by using the October high level to draw a parallel line.
However, in regards to the short term, the pair is being squeezed in by various levels of significance surrounding the 149.50 mark.