GBP/JPY - Daily - Technical analysis published on 10/29/2020 (GMT)
- 131
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 138.84 JPY
My targets
134.45 JPY (-1.11)
132.46 JPY (-3.10)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/JPY, which is a positive signal for sellers. As long as the price remains above 138.84 JPY, a sale could be considered. The first bearish objective is located at 134.45 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 132.46 JPY as an objective. Crossing it would then enable sellers to target 129.65 JPY. If the price were to return above 138.84 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.9
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 TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 135.56 JPY. On the day, this instrument gained +0.04% and was between 135.47 JPY and 135.96 JPY. This implies that the price is at +0.07% from its lowest and at -0.29% from its highest.135.47
135.96
135.56
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Technical
A technical analysis in Daily of this GBP/JPY chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 129.65 | 132.46 | 134.45 | 135.56 | 138.84 | 141.91 | 144.55 |
| Change (%) | -4.36% | -2.29% | -0.82% | - | +2.42% | +4.68% | +6.63% |
| Change | -5.91 | -3.10 | -1.11 | - | +3.28 | +6.35 | +8.99 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 133.48 | 134.18 | 134.84 | 135.54 | 136.20 | 136.90 | 137.56 |
| Camarilla | 135.13 | 135.25 | 135.38 | 135.50 | 135.63 | 135.75 | 135.87 |
| Woodie | 133.46 | 134.17 | 134.82 | 135.53 | 136.18 | 136.89 | 137.54 |
| Fibonacci | 134.18 | 134.70 | 135.02 | 135.54 | 136.06 | 136.38 | 136.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 179.93 | 181.65 | 182.90 | 184.62 | 185.87 | 187.59 | 188.84 |
| Camarilla | 183.32 | 183.60 | 183.87 | 184.14 | 184.41 | 184.68 | 184.96 |
| Woodie | 179.69 | 181.53 | 182.66 | 184.50 | 185.63 | 187.47 | 188.60 |
| Fibonacci | 181.65 | 182.79 | 183.49 | 184.62 | 185.76 | 186.46 | 187.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.04 | 138.44 | 137.44 | 138.84 | 137.84 | 139.24 | 138.24 |
| Camarilla | 136.33 | 136.37 | 136.40 | 136.44 | 136.48 | 136.51 | 136.55 |
| Woodie | 135.84 | 137.84 | 136.24 | 138.24 | 136.64 | 138.64 | 137.04 |
| Fibonacci | 138.44 | 138.59 | 138.69 | 138.84 | 138.99 | 139.09 | 139.24 |
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): | 44.99 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -9.29 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 136.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.13 | |
| Elder Ray (13): | -0.93 | |
| Super Trend (3,10): | 140.18 | |
| Zig ZAG (10): | 135.61 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 14.24 | |
| TEMA (21): | 136.68 | |
| Williams %R (14): | -85.82 | |
| Chande Momentum Oscillator (20): | -1.15 | |
| Repulse (5,40,3): | -0.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.30 |
| MA7: | 136.81 | |
| MA20: | 136.83 | |
| MA50: | 137.21 | |
| MA100: | 136.60 | |
| MAexp7: | 136.52 | |
| MAexp20: | 136.66 | |
| MAexp50: | 136.79 | |
| MAexp100: | 136.67 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -0.76% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -0.90% | |
| Price / MAexp100: | -0.81% |
Quotes :
2020-10-29 07:58:26
-
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 29, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for October 28, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for October 27, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of October 26, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for October 26, 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 - Daily