GBP/JPY - Weekly - Technical analysis published on 10/08/2020 (GMT)
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- 134
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
44%
11%
44%
My opinion
Neutral between 134.45 JPY and 138.83 JPY
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 138.83 JPY. The first support is located at 134.45 JPY. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/JPY.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 137.16 JPY. The price registered an increase of +0.85% over 5 days and was traded between 135.90 JPY and 137.45 JPY over the period. The price is currently at +0.93% from its lowest point and -0.21% from its highest point.135.90
137.45
137.16
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Technical
Technical analysis of this Weekly chart of GBP/JPY indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Weekly
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 | 126.48 | 129.65 | 134.45 | 137.16 | 138.83 | 144.47 | 147.65 |
| Change (%) | -7.79% | -5.48% | -1.98% | - | +1.22% | +5.33% | +7.65% |
| Change | -10.68 | -7.51 | -2.71 | - | +1.67 | +7.31 | +10.49 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 135.19 | 135.57 | 136.23 | 136.61 | 137.27 | 137.65 | 138.31 |
| Camarilla | 136.59 | 136.69 | 136.79 | 136.88 | 136.98 | 137.07 | 137.17 |
| Woodie | 135.32 | 135.64 | 136.36 | 136.68 | 137.40 | 137.72 | 138.44 |
| Fibonacci | 135.57 | 135.97 | 136.22 | 136.61 | 137.01 | 137.26 | 137.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.10 | 133.23 | 134.76 | 135.89 | 137.42 | 138.55 | 140.08 |
| Camarilla | 135.56 | 135.80 | 136.05 | 136.29 | 136.53 | 136.78 | 137.02 |
| Woodie | 132.30 | 133.33 | 134.96 | 135.99 | 137.62 | 138.65 | 140.28 |
| Fibonacci | 133.23 | 134.25 | 134.87 | 135.89 | 136.91 | 137.53 | 138.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.26 | 127.65 | 131.93 | 137.32 | 141.60 | 146.99 | 151.27 |
| Camarilla | 133.54 | 134.43 | 135.31 | 136.20 | 137.09 | 137.97 | 138.86 |
| Woodie | 121.70 | 127.37 | 131.37 | 137.04 | 141.04 | 146.71 | 150.71 |
| Fibonacci | 127.65 | 131.35 | 133.63 | 137.32 | 141.02 | 143.30 | 146.99 |
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): | 51.51 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 1.72 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 136.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 142.34 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 132.62 | |
| Zig ZAG (10): | 137.16 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 36.07 | |
| TEMA (21): | 137.29 | |
| Williams %R (14): | -57.60 | |
| Chande Momentum Oscillator (20): | 2.64 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 4.63 |
| MA7: | 136.57 | |
| MA20: | 135.66 | |
| MA50: | 137.89 | |
| MA100: | 136.29 | |
| MAexp7: | 136.72 | |
| MAexp20: | 136.52 | |
| MAexp50: | 136.96 | |
| MAexp100: | 138.87 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | -1.23% |
Quotes :
2020-10-08 22:57:20
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Real time data
-
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 October 9, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for October 7, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for October 6, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of October 5, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for October 5, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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