GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 05/15/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 131.20 JPY
My targets
130.24 JPY (-0.37)
128.02 JPY (-2.59)
My analysis
The bearish basic trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 131.20 JPY. Crossing the first support at 130.24 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 128.02 JPY as an objective. Crossing it would then enable sellers to target 126.76 JPY. Caution, a return to above the resistance located at 131.20 JPY would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.1

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/JPY rating 130.61 JPY. The price is lower by -0.56% since the last closing and was between 130.55 JPY and 131.42 JPY. This implies that the price is at +0.05% from its lowest and at -0.62% from its highest.

130.55
131.42
130.61

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 126.76 130.24 130.61 130.68 131.20 131.55
Change (%) -2.95% -0.28% - +0.05% +0.45% +0.72%
Change -3.85 -0.37 - +0.07 +0.59 +0.94
Level Major Minor - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard129.33129.73130.54130.94131.75132.15132.96
Camarilla131.01131.12131.23131.34131.45131.56131.67
Woodie129.53129.83130.74131.04131.95132.25133.16
Fibonacci129.73130.20130.48130.94131.41131.69132.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard128.02129.34130.85132.17133.68135.00136.51
Camarilla131.58131.84132.10132.36132.62132.88133.14
Woodie128.12129.39130.95132.22133.78135.05136.61
Fibonacci129.34130.42131.09132.17133.25133.92135.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard128.81130.35132.66134.20136.51138.05140.36
Camarilla133.90134.25134.61134.96135.31135.67136.02
Woodie129.19130.54133.04134.39136.89138.24140.74
Fibonacci130.35131.82132.73134.20135.67136.58138.05

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): 41.43
MACD (12,26,9): -0.0200
Directional Movement: -9.00
AROON (14): -64.29
DEMA (21): 130.84
Parabolic SAR (0,02-0,02-0,2): 131.30
Elder Ray (13): -0.20
Super Trend (3,10): 130.52
Zig ZAG (10): 130.58
VORTEX (21): 1.0500
Stochastique (14,3,5): 13.70
TEMA (21): 130.88
Williams %R (14): -93.10
Chande Momentum Oscillator (20): -0.56
Repulse (5,40,3): -0.2200
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.09
MA7: 131.54
MA20: 132.49
MA50: 132.66
MA100: 137.47
MAexp7: 130.79
MAexp20: 130.86
MAexp50: 131.00
MAexp100: 131.33
Price / MA7: -0.71%
Price / MA20: -1.42%
Price / MA50: -1.55%
Price / MA100: -4.99%
Price / MAexp7: -0.14%
Price / MAexp20: -0.19%
Price / MAexp50: -0.30%
Price / MAexp100: -0.55%

This member declared not having a position on this financial instrument or a related financial instrument.

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