GBP/JPY - 1H - Technical analysis published on 09/18/2020 (GMT)
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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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 135.99 JPY
My targets
134.63 JPY (-0.91)
134.45 JPY (-1.09)
My analysis
GBP/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 135.99 JPY. The next support located at 134.63 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 134.45 JPY. Below this support, sellers could then target 132.46 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 135.54 JPY. On the day, this instrument lost -0.23% with the lowest point at 135.33 JPY and the highest point at 136.17 JPY. The deviation from the price is +0.16% for the low point and -0.46% for the high point.135.33
136.17
135.54
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently 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
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 129.65 | 132.46 | 134.45 | 135.54 | 135.57 | 135.99 | 136.60 |
| Change (%) | -4.35% | -2.27% | -0.80% | - | +0.02% | +0.33% | +0.78% |
| Change | -5.89 | -3.08 | -1.09 | - | +0.03 | +0.45 | +1.06 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.29 | 133.93 | 134.89 | 135.53 | 136.49 | 137.13 | 138.09 |
| Camarilla | 135.41 | 135.56 | 135.70 | 135.85 | 136.00 | 136.14 | 136.29 |
| Woodie | 133.45 | 134.01 | 135.05 | 135.61 | 136.65 | 137.21 | 138.25 |
| Fibonacci | 133.93 | 134.54 | 134.92 | 135.53 | 136.14 | 136.52 | 137.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.51 | 132.04 | 133.94 | 137.47 | 139.37 | 142.90 | 144.80 |
| Camarilla | 134.35 | 134.84 | 135.34 | 135.84 | 136.34 | 136.84 | 137.33 |
| Woodie | 127.70 | 131.63 | 133.13 | 137.06 | 138.56 | 142.49 | 143.99 |
| Fibonacci | 132.04 | 134.11 | 135.40 | 137.47 | 139.54 | 140.83 | 142.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 134.63 | 136.19 | 138.92 | 140.48 | 143.21 | 144.77 | 147.50 |
| Camarilla | 140.47 | 140.86 | 141.26 | 141.65 | 142.04 | 142.44 | 142.83 |
| Woodie | 135.22 | 136.48 | 139.51 | 140.77 | 143.80 | 145.06 | 148.09 |
| Fibonacci | 136.19 | 137.83 | 138.84 | 140.48 | 142.12 | 143.13 | 144.77 |
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): | 43.21 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -3.24 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 135.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 136.15 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 135.20 | |
| Zig ZAG (10): | 135.49 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 15.24 | |
| TEMA (21): | 135.64 | |
| Williams %R (14): | -80.95 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.12 |
| MA7: | 135.85 | |
| MA20: | 138.67 | |
| MA50: | 137.89 | |
| MA100: | 135.73 | |
| MAexp7: | 135.62 | |
| MAexp20: | 135.70 | |
| MAexp50: | 135.78 | |
| MAexp100: | 136.01 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -2.26% | |
| Price / MA50: | -1.70% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.35% |
Quotes :
2020-09-18 10:24:00
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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 September 18, 2020 by FXEmpire
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S&P 500 Breaks Anchor after FOMC Decision, Will GBPJPY React to BOE and BOJ?
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GBP/JPY Technical Analysis for September 17, 2020 by FXEmpire
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GBP/JPY Technical Analysis for September 16, 2020 by FXEmpire
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GBP/JPY Technical Analysis for September 15, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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