GBP/JPY - 15 min. - Technical analysis published on 08/07/2020 (GMT)
- 169
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 137.98 JPY
My targets
138.79 JPY (+0.46)
139.16 JPY (+0.83)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GBP/JPY as long as the price remains well above 137.98 JPY. The buyers” bullish objective is set at 138.79 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 139.16 JPY. If there is any crossing, the next objective would be the resistance located at 139.60 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 138.79 JPY. On this resistance, against the trend traders who would like to go short on GBP/JPY with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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 RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 138.33 JPY. On the day, this instrument lost -0.27% and was between 137.85 JPY and 138.75 JPY. This implies that the price is at +0.35% from its lowest and at -0.30% from its highest.137.85
138.75
138.33
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GBP/JPY indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 136.05 | 136.47 | 137.78 | 138.33 | 138.45 | 138.89 | 139.39 |
| Change (%) | -1.65% | -1.34% | -0.40% | - | +0.09% | +0.40% | +0.77% |
| Change | -2.28 | -1.86 | -0.55 | - | +0.12 | +0.56 | +1.06 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.54 | 137.98 | 138.35 | 138.79 | 139.16 | 139.60 | 139.97 |
| Camarilla | 138.49 | 138.56 | 138.64 | 138.71 | 138.78 | 138.86 | 138.93 |
| Woodie | 137.50 | 137.96 | 138.31 | 138.77 | 139.12 | 139.58 | 139.93 |
| Fibonacci | 137.98 | 138.29 | 138.48 | 138.79 | 139.10 | 139.29 | 139.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.00 | 133.58 | 136.05 | 137.63 | 140.10 | 141.68 | 144.15 |
| Camarilla | 137.42 | 137.79 | 138.16 | 138.53 | 138.90 | 139.27 | 139.64 |
| Woodie | 132.46 | 133.80 | 136.51 | 137.85 | 140.56 | 141.90 | 144.61 |
| Fibonacci | 133.58 | 135.12 | 136.08 | 137.63 | 139.17 | 140.13 | 141.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.32 | 130.63 | 134.58 | 136.89 | 140.84 | 143.15 | 147.10 |
| Camarilla | 136.81 | 137.38 | 137.96 | 138.53 | 139.10 | 139.68 | 140.25 |
| Woodie | 129.14 | 131.04 | 135.40 | 137.30 | 141.66 | 143.56 | 147.92 |
| Fibonacci | 130.63 | 133.02 | 134.50 | 136.89 | 139.28 | 140.76 | 143.15 |
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): | 57.11 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 9.68 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 138.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 138.05 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 138.39 | |
| Zig ZAG (10): | 138.34 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 90.09 | |
| TEMA (21): | 138.31 | |
| Williams %R (14): | -8.00 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 138.33 | |
| MA20: | 136.47 | |
| MA50: | 135.44 | |
| MA100: | 134.12 | |
| MAexp7: | 138.28 | |
| MAexp20: | 138.23 | |
| MAexp50: | 138.26 | |
| MAexp100: | 138.37 | |
| Price / MA7: | -0% | |
| Price / MA20: | +1.36% | |
| Price / MA50: | +2.13% | |
| Price / MA100: | +3.14% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.03% |
Quotes :
2020-08-07 19:44:46
-
Real time data
-
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 August 10, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for August 7, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for August 6, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for August 5, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for August 4, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/JPY - 15 min.