GBP/JPY - 1H - Technical analysis published on 07/09/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 134.45 JPY
My targets
136.38 JPY (+0.97)
138.05 JPY (+2.64)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 134.45 JPY remains possible. It is advisable to trade GBP/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 134.45 JPY. The next bullish objective for buyers is set at 136.38 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 138.05 JPY. If there is any crossing, the next objective would be the resistance located at 139.39 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 135.41 JPY. The price registered an increase of +0.07% on the session and was between 135.16 JPY and 135.93 JPY. This implies that the price is at +0.18% from its lowest and at -0.38% from its highest.135.16
135.93
135.41
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Technical
Technical analysis of GBP/JPY in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 132.96 | 133.69 | 134.45 | 135.41 | 135.42 | 139.39 | 144.15 |
Change (%) | -1.81% | -1.27% | -0.71% | - | +0.01% | +2.94% | +6.45% |
Change | -2.45 | -1.72 | -0.96 | - | +0.01 | +3.98 | +8.74 |
Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 133.94 | 134.26 | 134.79 | 135.11 | 135.64 | 135.96 | 136.49 |
Camarilla | 135.09 | 135.16 | 135.24 | 135.32 | 135.40 | 135.48 | 135.55 |
Woodie | 134.05 | 134.31 | 134.90 | 135.16 | 135.75 | 136.01 | 136.60 |
Fibonacci | 134.26 | 134.59 | 134.79 | 135.11 | 135.44 | 135.64 | 135.96 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 47.66 | |
MACD (12,26,9): | 0.0900 | |
Directional Movement: | -0.64 | |
AROON (14): | -42.86 | |
DEMA (21): | 135.58 | |
Parabolic SAR (0,02-0,02-0,2): | 135.85 | |
Elder Ray (13): | -0.17 | |
Super Trend (3,10): | 135.11 | |
Zig ZAG (10): | 135.37 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 22.79 | |
TEMA (21): | 135.55 | |
Williams %R (14): | -71.43 | |
Chande Momentum Oscillator (20): | -0.13 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.26 |
MA7: | 134.55 | |
MA20: | 133.89 | |
MA50: | 133.53 | |
MA100: | 134.02 | |
MAexp7: | 135.48 | |
MAexp20: | 135.44 | |
MAexp50: | 135.20 | |
MAexp100: | 134.85 | |
Price / MA7: | +0.64% | |
Price / MA20: | +1.14% | |
Price / MA50: | +1.41% | |
Price / MA100: | +1.04% | |
Price / MAexp7: | -0.06% | |
Price / MAexp20: | -0.03% | |
Price / MAexp50: | +0.15% | |
Price / MAexp100: | +0.41% |
Quotes :
2020-07-09 16:08:03
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Real time data
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Forex
News
The last news published on GBP/JPY at the time of the generation of this analysis was as follows:
- GBP/JPY Technical Analysis for July 10, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 9, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 7, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 6, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 3, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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