GBP/JPY - 1H - Technical analysis published on 07/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
17%
17%
67%
My opinion
Bullish above 132.68 JPY
My targets
133.62 JPY (+0.29)
133.99 JPY (+0.66)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 132.68 JPY. The buyers” bullish objective is set at 133.62 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 133.99 JPY. If there is any crossing, the next objective would be the resistance located at 134.45 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
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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 133.33 JPY. The price registered a decrease of -0.34% on the session with the lowest point at 132.99 JPY and the highest point at 133.96 JPY. The deviation from the price is +0.26% for the low point and -0.47% for the high point.132.99
133.96
133.33
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Technical
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 132.06 | 132.68 | 133.26 | 133.33 | 133.62 | 133.99 | 134.45 |
Change (%) | -0.95% | -0.49% | -0.05% | - | +0.22% | +0.50% | +0.84% |
Change | -1.27 | -0.65 | -0.07 | - | +0.29 | +0.66 | +1.12 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 130.69 | 131.35 | 132.57 | 133.23 | 134.45 | 135.11 | 136.33 |
Camarilla | 133.26 | 133.44 | 133.61 | 133.78 | 133.95 | 134.13 | 134.30 |
Woodie | 130.96 | 131.49 | 132.84 | 133.37 | 134.72 | 135.25 | 136.60 |
Fibonacci | 131.35 | 132.07 | 132.52 | 133.23 | 133.95 | 134.40 | 135.11 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 129.09 | 130.42 | 131.34 | 132.67 | 133.59 | 134.92 | 135.84 |
Camarilla | 131.65 | 131.86 | 132.06 | 132.27 | 132.48 | 132.68 | 132.89 |
Woodie | 128.90 | 130.32 | 131.15 | 132.57 | 133.40 | 134.82 | 135.65 |
Fibonacci | 130.42 | 131.28 | 131.81 | 132.67 | 133.53 | 134.06 | 134.92 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 122.43 | 127.09 | 130.43 | 135.09 | 138.43 | 143.09 | 146.43 |
Camarilla | 131.58 | 132.31 | 133.05 | 133.78 | 134.51 | 135.25 | 135.98 |
Woodie | 121.78 | 126.76 | 129.78 | 134.76 | 137.78 | 142.76 | 145.78 |
Fibonacci | 127.09 | 130.14 | 132.03 | 135.09 | 138.14 | 140.03 | 143.09 |
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): | 50.26 | |
MACD (12,26,9): | 0.1500 | |
Directional Movement: | 7.09 | |
AROON (14): | -35.71 | |
DEMA (21): | 133.49 | |
Parabolic SAR (0,02-0,02-0,2): | 133.73 | |
Elder Ray (13): | -0.03 | |
Super Trend (3,10): | 133.77 | |
Zig ZAG (10): | 133.11 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 25.77 | |
TEMA (21): | 133.42 | |
Williams %R (14): | -72.16 | |
Chande Momentum Oscillator (20): | -0.56 | |
Repulse (5,40,3): | 0.0600 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 0.19 |
MA7: | 133.02 | |
MA20: | 134.55 | |
MA50: | 133.36 | |
MA100: | 134.54 | |
MAexp7: | 133.30 | |
MAexp20: | 133.25 | |
MAexp50: | 132.97 | |
MAexp100: | 132.88 | |
Price / MA7: | +0.23% | |
Price / MA20: | -0.91% | |
Price / MA50: | -0.02% | |
Price / MA100: | -0.90% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.27% | |
Price / MAexp100: | +0.34% |
Quotes :
2020-07-01 08:06:45
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Real time data
-
Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
- GBP/JPY Technical Analysis for July 1, 2020 by FXEmpire
- GBP/JPY Technical Analysis for June 30, 2020 by FXEmpire
- GBP/JPY Technical Analysis for the Week of June 29, 2020 by FXEmpire
- GBP/JPY Technical Analysis for June 29, 2020 by FXEmpire
- GBP/JPY Technical Analysis for June 25, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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