GBP/JPY - 15 min. - Technical analysis published on 05/13/2020 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 130.76 JPY
My targets
131.81 JPY (+0.10)
132.36 JPY (+0.65)
My analysis
The strong short-term increase for GBP/JPY reinforces the current slightly bullish trend. As long as the price remains above 130.76 JPY, you could take advantage of this bullish acceleration. The first bullish objective is located at 131.81 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 132.36 JPY as an objective. Crossing it would then enable buyers to target 133.41 JPY. A return to 130.76 JPY would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.4
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 131.71 JPY. On the day, this instrument gained +0.31% and was traded between 131.20 JPY and 131.94 JPY over the period. The price is currently at +0.39% from its lowest and -0.17% from its highest.131.20
131.94
131.71
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Technical
A technical analysis in 15 min. of this GBP/JPY chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 126.76 | 130.68 | 131.55 | 131.71 | 132.19 | 132.56 | 132.86 |
| Change (%) | -3.76% | -0.78% | -0.12% | - | +0.36% | +0.65% | +0.87% |
| Change | -4.95 | -1.03 | -0.16 | - | +0.48 | +0.85 | +1.15 |
| Level | Major | Major | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.16 | 130.21 | 130.76 | 131.81 | 132.36 | 133.41 | 133.96 |
| Camarilla | 130.87 | 131.02 | 131.16 | 131.31 | 131.46 | 131.60 | 131.75 |
| Woodie | 128.91 | 130.09 | 130.51 | 131.69 | 132.11 | 133.29 | 133.71 |
| Fibonacci | 130.21 | 130.82 | 131.20 | 131.81 | 132.42 | 132.80 | 133.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.02 | 129.34 | 130.85 | 132.17 | 133.68 | 135.00 | 136.51 |
| Camarilla | 131.58 | 131.84 | 132.10 | 132.36 | 132.62 | 132.88 | 133.14 |
| Woodie | 128.12 | 129.39 | 130.95 | 132.22 | 133.78 | 135.05 | 136.61 |
| Fibonacci | 129.34 | 130.42 | 131.09 | 132.17 | 133.25 | 133.92 | 135.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.81 | 130.35 | 132.66 | 134.20 | 136.51 | 138.05 | 140.36 |
| Camarilla | 133.90 | 134.25 | 134.61 | 134.96 | 135.31 | 135.67 | 136.02 |
| Woodie | 129.19 | 130.54 | 133.04 | 134.39 | 136.89 | 138.24 | 140.74 |
| Fibonacci | 130.35 | 131.82 | 132.73 | 134.20 | 135.67 | 136.58 | 138.05 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.73 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 14.17 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 131.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 131.48 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 131.39 | |
| Zig ZAG (10): | 131.82 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 82.00 | |
| TEMA (21): | 131.73 | |
| Williams %R (14): | -26.87 | |
| Chande Momentum Oscillator (20): | 0.41 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.41 |
| MA7: | 131.88 | |
| MA20: | 132.90 | |
| MA50: | 132.94 | |
| MA100: | 137.72 | |
| MAexp7: | 131.71 | |
| MAexp20: | 131.63 | |
| MAexp50: | 131.61 | |
| MAexp100: | 131.75 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -4.36% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | -0.03% |
News
Don"t forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news was as follows:
-
GBP/JPY Technical Analysis for May 12, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 11, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 8, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 7, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 6, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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