GBP/JPY - 1H - Technical analysis published on 07/08/2020 (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:
Bearish
De fond:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 134.45 JPY
My targets
135.41 JPY (+0.78)
136.38 JPY (+1.75)
My analysis
With a bullish background trend, the price of GBP/JPY is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 134.45 JPY. A bullish break in the resistance located at 135.41 JPY would boost the bullish momentum and fuel the basic trend. Then the price could move towards 136.38 JPY. Then by extension. It would be safer to wait for a bullish break in the resistance located at 135.41 JPY before allowing yourself to re trade long positions (at purchase) on GBP/JPY. PS: if there is a bearish break in the support located at 134.45 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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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 134.63 JPY. The price is lower by -0.21% since the last closing and was between 134.60 JPY and 135.30 JPY. This implies that the price is at +0.02% from its lowest and at -0.50% from its highest.134.60
135.30
134.63
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GBP/JPY chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 132.62 | 133.69 | 134.45 | 134.63 | 135.41 | 139.39 | 144.15 |
| Change (%) | -1.49% | -0.70% | -0.13% | - | +0.58% | +3.54% | +7.07% |
| Change | -2.01 | -0.94 | -0.18 | - | +0.78 | +4.76 | +9.52 |
| Level | Minor | Minor | Major | - | 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 | 132.91 | 133.51 | 134.21 | 134.81 | 135.51 | 136.11 | 136.81 |
| Camarilla | 134.55 | 134.67 | 134.79 | 134.91 | 135.03 | 135.15 | 135.27 |
| Woodie | 132.96 | 133.54 | 134.26 | 134.84 | 135.56 | 136.14 | 136.86 |
| Fibonacci | 133.51 | 134.01 | 134.31 | 134.81 | 135.31 | 135.61 | 136.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.77 | 130.86 | 132.53 | 133.62 | 135.29 | 136.38 | 138.05 |
| Camarilla | 133.44 | 133.69 | 133.95 | 134.20 | 134.45 | 134.71 | 134.96 |
| Woodie | 130.06 | 131.01 | 132.82 | 133.77 | 135.58 | 136.53 | 138.34 |
| Fibonacci | 130.86 | 131.91 | 132.57 | 133.62 | 134.67 | 135.33 | 136.38 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.83 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 1.10 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 134.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.14 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 133.62 | |
| Zig ZAG (10): | 134.78 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 76.12 | |
| TEMA (21): | 134.76 | |
| Williams %R (14): | -25.48 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.39 |
| MA7: | 134.23 | |
| MA20: | 133.81 | |
| MA50: | 133.52 | |
| MA100: | 134.11 | |
| MAexp7: | 134.74 | |
| MAexp20: | 134.81 | |
| MAexp50: | 134.66 | |
| MAexp100: | 134.38 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | +0.39% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-07-08 09:21:25
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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 July 7, 2020 by FXEmpire
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GBP/JPY Technical Analysis for July 6, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for July 3, 2020 by FXEmpire
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GBP/JPY Technical Analysis for July 2, 2020 by FXEmpire
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GBP/JPY Technical Analysis for July 1, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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