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GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 06/22/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 132.58 JPY
My targets
133.80 JPY (+0.94)
134.45 JPY (+1.59)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GBP/JPY as long as the price remains well above 132.58 JPY. The buyers” bullish objective is set at 133.80 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 134.45 JPY. If there is any crossing, the next objective would be the resistance located at 136.36 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 133.80 JPY. On this resistance, against the trend traders who would like to go short on GBP/JPY with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
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 132.86 JPY. On the day, this instrument gained +0.67% with the lowest point at 131.74 JPY and the highest point at 132.88 JPY. The deviation from the price is +0.85% for the low point and -0.02% for the high point.

131.74
132.88
132.86

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/JPY:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/JPY chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 126.76 129.65 132.58 132.86 133.80 134.45 136.36
Change (%) -4.59% -2.42% -0.21% - +0.71% +1.20% +2.63%
Change -6.10 -3.21 -0.28 - +0.94 +1.59 +3.50
Level Major Intermediate Intermediate - Intermediate Major Intermediate



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
Standard130.20131.06131.52132.38132.84133.70134.16
Camarilla131.61131.73131.85131.97132.09132.21132.33
Woodie129.99130.96131.31132.28132.63133.60133.95
Fibonacci131.06131.57131.88132.38132.89133.20133.70


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard126.05128.99130.48133.42134.91137.85139.34
Camarilla130.75131.16131.56131.97132.38132.78133.19
Woodie125.33128.63129.76133.06134.19137.49138.62
Fibonacci128.99130.68131.73133.42135.11136.16137.85


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard124.12126.71129.91132.50135.70138.29141.49
Camarilla131.53132.06132.59133.12133.65134.18134.71
Woodie124.44126.86130.23132.65136.02138.44141.81
Fibonacci126.71128.92130.29132.50134.71136.08138.29

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.63
MACD (12,26,9): -0.0600
Directional Movement: 8.24
AROON (14): 78.57
DEMA (21): 132.16
Parabolic SAR (0,02-0,02-0,2): 131.95
Elder Ray (13): 0.30
Super Trend (3,10): 131.74
Zig ZAG (10): 132.77
VORTEX (21): 1.0400
Stochastique (14,3,5): 79.86
TEMA (21): 132.35
Williams %R (14): -7.14
Chande Momentum Oscillator (20): 0.80
Repulse (5,40,3): 0.4500
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.39
MA7: 133.93
MA20: 134.90
MA50: 133.50
MA100: 135.17
MAexp7: 132.40
MAexp20: 132.31
MAexp50: 132.72
MAexp100: 133.42
Price / MA7: -0.80%
Price / MA20: -1.51%
Price / MA50: -0.48%
Price / MA100: -1.71%
Price / MAexp7: +0.35%
Price / MAexp20: +0.42%
Price / MAexp50: +0.11%
Price / MAexp100: -0.42%

Quotes : 2020-06-22 07:49:06 - Real time data - Forex

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:

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

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