GBP/JPY - 1H - Technical analysis published on 06/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 135.70 JPY
My targets
133.66 JPY (-0.90)
133.08 JPY (-1.48)
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 135.70 JPY. The sellers” bearish objective is set at 133.66 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 133.08 JPY. In case of crossing, the next objective would be the support located at 132.58 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.7
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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 price is 134.56 JPY. The price is lower by -1.07% since the last closing and was traded between 134.46 JPY and 136.42 JPY over the period. The price is currently at +0.07% from its lowest and -1.36% from its highest.134.46
136.42
134.56
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this GBP/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 133.08 | 133.66 | 134.45 | 134.56 | 136.24 | 137.41 | 138.79 |
| Change (%) | -1.10% | -0.67% | -0.08% | - | +1.25% | +2.12% | +3.14% |
| Change | -1.48 | -0.90 | -0.11 | - | +1.68 | +2.85 | +4.23 |
| Level | Minor | Major | Major | - | 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 | 134.02 | 134.98 | 135.50 | 136.46 | 136.98 | 137.94 | 138.46 |
| Camarilla | 135.61 | 135.75 | 135.88 | 136.02 | 136.16 | 136.29 | 136.43 |
| Woodie | 133.80 | 134.87 | 135.28 | 136.35 | 136.76 | 137.83 | 138.24 |
| Fibonacci | 134.98 | 135.55 | 135.90 | 136.46 | 137.03 | 137.38 | 137.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.32 | 129.98 | 134.41 | 137.07 | 141.50 | 144.16 | 148.59 |
| Camarilla | 136.88 | 137.53 | 138.18 | 138.83 | 139.48 | 140.13 | 140.78 |
| Woodie | 128.20 | 130.42 | 135.29 | 137.51 | 142.38 | 144.60 | 149.47 |
| Fibonacci | 129.98 | 132.69 | 134.37 | 137.07 | 139.78 | 141.46 | 144.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.12 | 126.71 | 129.91 | 132.50 | 135.70 | 138.29 | 141.49 |
| Camarilla | 131.53 | 132.06 | 132.59 | 133.12 | 133.65 | 134.18 | 134.71 |
| Woodie | 124.44 | 126.86 | 130.23 | 132.65 | 136.02 | 138.44 | 141.81 |
| Fibonacci | 126.71 | 128.92 | 130.29 | 132.50 | 134.71 | 136.08 | 138.29 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.48 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -24.20 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 134.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 134.87 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 135.54 | |
| Zig ZAG (10): | 134.59 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 6.21 | |
| TEMA (21): | 134.43 | |
| Williams %R (14): | -90.34 | |
| Chande Momentum Oscillator (20): | -1.05 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.67 |
| MA7: | 137.03 | |
| MA20: | 133.96 | |
| MA50: | 133.57 | |
| MA100: | 135.76 | |
| MAexp7: | 134.74 | |
| MAexp20: | 135.27 | |
| MAexp50: | 136.04 | |
| MAexp100: | 136.51 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | +0.74% | |
| Price / MA100: | -0.88% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -1.43% |
Quotes :
2020-06-11 20:36:42
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Real time data
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Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
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GBP/JPY Technical Analysis for June 12, 2020 by FXEmpire
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GBP/JPY Technical Analysis for June 11, 2020 by FXEmpire
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GBP/JPY Technical Analysis for June 10, 2020 by FXEmpire
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GBP/JPY Technical Analysis for June 9, 2020 by FXEmpire
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GBP/JPY Technical Analysis for the Week of June 8, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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