GBP/JPY - Daily - Technical analysis published on 05/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 132.66 JPY
My targets
130.72 JPY (-0.57)
126.76 JPY (-4.53)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 132.66 JPY. The sellers” bearish objective is set at 130.72 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 126.76 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.2
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 131.29 JPY. The price has increased by +0.22% since the last closing and was between 130.92 JPY and 131.33 JPY. This implies that the price is at +0.28% from its lowest and at -0.03% from its highest.130.92
131.33
131.29
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/JPY in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 126.76 | 130.72 | 131.29 | 135.23 | 139.39 | 144.15 |
| Change (%) | -3.45% | -0.43% | - | +3.00% | +6.17% | +9.80% |
| Change | -4.53 | -0.57 | - | +3.94 | +8.10 | +12.86 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 129.41 | 130.04 | 130.52 | 131.15 | 131.63 | 132.26 | 132.74 |
| Camarilla | 130.70 | 130.80 | 130.90 | 131.00 | 131.10 | 131.20 | 131.31 |
| Woodie | 129.34 | 130.00 | 130.45 | 131.11 | 131.56 | 132.22 | 132.67 |
| Fibonacci | 130.04 | 130.46 | 130.73 | 131.15 | 131.57 | 131.84 | 132.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.14 | 127.71 | 129.36 | 130.93 | 132.58 | 134.15 | 135.80 |
| Camarilla | 130.12 | 130.41 | 130.71 | 131.00 | 131.30 | 131.59 | 131.89 |
| Woodie | 126.17 | 127.73 | 129.39 | 130.95 | 132.61 | 134.17 | 135.83 |
| Fibonacci | 127.71 | 128.94 | 129.70 | 130.93 | 132.16 | 132.92 | 134.15 |
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): | 45.43 | |
| MACD (12,26,9): | -0.6100 | |
| Directional Movement: | -8.38 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 131.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.16 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 134.72 | |
| Zig ZAG (10): | 131.29 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 49.80 | |
| TEMA (21): | 131.05 | |
| Williams %R (14): | -48.72 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 2.33 |
| MA7: | 131.19 | |
| MA20: | 131.94 | |
| MA50: | 132.44 | |
| MA100: | 136.77 | |
| MAexp7: | 131.35 | |
| MAexp20: | 131.87 | |
| MAexp50: | 133.30 | |
| MAexp100: | 135.18 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -4.01% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | -2.88% |
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
-
GBP/JPY Technical Analysis for the Week of May 25, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 25, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 22, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 21, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for May 20, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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