GBP/JPY - 1H - Technical analysis published on 07/17/2020 (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:
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
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
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.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 132.99 | 133.52 | 134.12 | 134.65 | 135.25 | 135.78 | 136.38 |
Camarilla | 134.41 | 134.51 | 134.62 | 134.72 | 134.82 | 134.93 | 135.03 |
Woodie | 133.03 | 133.54 | 134.16 | 134.67 | 135.29 | 135.80 | 136.42 |
Fibonacci | 133.52 | 133.95 | 134.22 | 134.65 | 135.08 | 135.35 | 135.78 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 131.85 | 132.85 | 133.92 | 134.92 | 135.99 | 136.99 | 138.06 |
Camarilla | 134.41 | 134.60 | 134.79 | 134.98 | 135.17 | 135.36 | 135.55 |
Woodie | 131.88 | 132.87 | 133.95 | 134.94 | 136.02 | 137.01 | 138.09 |
Fibonacci | 132.85 | 133.64 | 134.13 | 134.92 | 135.71 | 136.20 | 136.99 |
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 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
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Real time data
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Forex
News
Don"t forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news was as follows:
- GBP/JPY Technical Analysis for July 17, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 16, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 15, 2020 by FXEmpire
- GBP/JPY Technical Analysis for July 14, 2020 by FXEmpire
- GBP/JPY Technical Analysis for the Week of July 13, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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