GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 07/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 134.79 JPY
My targets
134.28 JPY (-0.22)
134.05 JPY (-0.45)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 134.79 JPY. The next bearish objective for sellers is set at 134.28 JPY. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 134.05 JPY. If there is any crossing, the next objective would be the support located at 132.04 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5

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.

This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 134.50 JPY. On the day, this instrument lost -0.16% and was between 134.42 JPY and 134.91 JPY. This implies that the price is at +0.06% from its lowest and at -0.30% from its highest.

134.42
134.91
134.50

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 bearish. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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


S3S2S1PriceR1R2R3
ProTrendLines 134.05 134.28 134.45 134.50 134.79 135.09 135.42
Change (%) -0.33% -0.16% -0.04% - +0.22% +0.44% +0.68%
Change -0.45 -0.22 -0.05 - +0.29 +0.59 +0.92
Level Intermediate Intermediate Major - Minor Minor 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
Standard132.99133.52134.12134.65135.25135.78136.38
Camarilla134.41134.51134.62134.72134.82134.93135.03
Woodie133.03133.54134.16134.67135.29135.80136.42
Fibonacci133.52133.95134.22134.65135.08135.35135.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard131.85132.85133.92134.92135.99136.99138.06
Camarilla134.41134.60134.79134.98135.17135.36135.55
Woodie131.88132.87133.95134.94136.02137.01138.09
Fibonacci132.85133.64134.13134.92135.71136.20136.99


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 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): 41.26
MACD (12,26,9): 0.0000
Directional Movement: -7.07
AROON (14): -100.00
DEMA (21): 134.67
Parabolic SAR (0,02-0,02-0,2): 135.08
Elder Ray (13): -0.15
Super Trend (3,10): 134.34
Zig ZAG (10): 134.51
VORTEX (21): 1.0700
Stochastique (14,3,5): 4.38
TEMA (21): 134.65
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.24
Repulse (5,40,3): -0.1800
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.20
MA7: 134.77
MA20: 134.06
MA50: 133.82
MA100: 133.57
MAexp7: 134.62
MAexp20: 134.65
MAexp50: 134.65
MAexp100: 134.69
Price / MA7: -0.20%
Price / MA20: +0.33%
Price / MA50: +0.51%
Price / MA100: +0.70%
Price / MAexp7: -0.09%
Price / MAexp20: -0.11%
Price / MAexp50: -0.11%
Price / MAexp100: -0.14%

Quotes : 2020-07-17 07:35:57 - Real time data - Forex

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

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