GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
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High / Low range: -
Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 11/19/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 137.78 JPY
My targets
136.62 JPY (-0.63)
136.03 JPY (-1.22)
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 137.78 JPY. The next support located at 136.62 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 136.03 JPY. Below this support, sellers could then target 134.45 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
7.7

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 huthayfa. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/JPY rating 137.25 JPY. The price registered a decrease of -0.31% on the session and was between 137.24 JPY and 137.74 JPY. This implies that the price is at +0.01% from its lowest and at -0.36% from its highest.

137.24
137.74
137.25

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in 1H of this GBP/JPY chart shows a sharp bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

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:

Central Patterns

Horizontal support 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


S3S2S1PriceR1R2R3
ProTrendLines 134.45 136.03 136.62 137.25 137.78 138.88 139.64
Change (%) -2.04% -0.89% -0.46% - +0.39% +1.19% +1.74%
Change -2.80 -1.22 -0.63 - +0.53 +1.63 +2.39
Level Major Major Minor - 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
Standard136.95137.29137.49137.83138.03138.37138.57
Camarilla137.53137.58137.63137.68137.73137.78137.83
Woodie136.87137.26137.41137.80137.95138.34138.49
Fibonacci137.29137.50137.63137.83138.04138.17138.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard131.25133.51135.79138.05140.33142.59144.87
Camarilla136.82137.24137.65138.07138.49138.90139.32
Woodie131.26133.52135.80138.06140.34142.60144.88
Fibonacci133.51135.24136.32138.05139.78140.86142.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard130.37132.39133.93135.95137.49139.51141.05
Camarilla134.50134.83135.15135.48135.81136.13136.46
Woodie130.14132.27133.70135.83137.26139.39140.82
Fibonacci132.39133.75134.59135.95137.31138.15139.51

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 27.54
MACD (12,26,9): -0.1600
Directional Movement: -21.28
AROON (14): -85.71
DEMA (21): 137.55
Parabolic SAR (0,02-0,02-0,2): 137.96
Elder Ray (13): -0.31
Super Trend (3,10): 137.85
Zig ZAG (10): 137.28
VORTEX (21): 0.8500
Stochastique (14,3,5): 7.74
TEMA (21): 137.43
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.66
Repulse (5,40,3): -0.2600
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.67
MA7: 138.09
MA20: 137.01
MA50: 136.44
MA100: 137.10
MAexp7: 137.50
MAexp20: 137.73
MAexp50: 137.90
MAexp100: 138.00
Price / MA7: -0.61%
Price / MA20: +0.18%
Price / MA50: +0.59%
Price / MA100: +0.11%
Price / MAexp7: -0.18%
Price / MAexp20: -0.35%
Price / MAexp50: -0.47%
Price / MAexp100: -0.54%

Quotes : 2020-11-19 03:55:40 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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