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 07/01/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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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:
15 min. Daily Weekly

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard130.69131.35132.57133.23134.45135.11136.33
Camarilla133.26133.44133.61133.78133.95134.13134.30
Woodie130.96131.49132.84133.37134.72135.25136.60
Fibonacci131.35132.07132.52133.23133.95134.40135.11


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard129.09130.42131.34132.67133.59134.92135.84
Camarilla131.65131.86132.06132.27132.48132.68132.89
Woodie128.90130.32131.15132.57133.40134.82135.65
Fibonacci130.42131.28131.81132.67133.53134.06134.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard122.43127.09130.43135.09138.43143.09146.43
Camarilla131.58132.31133.05133.78134.51135.25135.98
Woodie121.78126.76129.78134.76137.78142.76145.78
Fibonacci127.09130.14132.03135.09138.14140.03143.09

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 - Real time data - Forex

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

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