GBP/JPY
GBP JPY
141.17 JPY (-0.64%)
Open Real time data - Forex
Open: 142.09
Change: -0.91
Volume: 73,899
Low: 141.09
High: 142.12
High / Low range: 1.03
Type: Forex
Ticker: GBPJPY
ISIN:

GBP/JPY - Daily - Technical analysis published on 11/20/2020

  • 77
  • 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!
  • Timeframe : Daily
  • - Analysis generated on 2020-11-20 06:36:20
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 134.45 JPY
My targets
139.64 JPY (+1.81)
141.91 JPY (+4.08)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 134.45 JPY. The buyers” bullish objective is set at 139.64 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 141.91 JPY. If there is any crossing, the next objective would be the resistance located at 144.55 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6

This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The GBP/JPY rating is 137.83 JPY. The price registered an increase of +0.23% on the session and was between 137.49 JPY and 137.95 JPY. This implies that the price is at +0.25% from its lowest and at -0.09% from its highest.

137.49
137.95
137.83

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 Daily chart of GBP/JPY indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 132.46 134.45 137.78 137.83 139.64 141.91 144.55
Change (%) -3.90% -2.45% -0.04% - +1.31% +2.96% +4.88%
Change -5.37 -3.38 -0.05 - +1.81 +4.08 +6.72
Level Minor Major Major - Major 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
Standard136.32136.75137.14137.57137.96138.39138.78
Camarilla137.29137.37137.45137.52137.60137.67137.75
Woodie136.29136.74137.11137.56137.93138.38138.75
Fibonacci136.75137.07137.26137.57137.89138.08138.39


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 53.75
MACD (12,26,9): 0.3900
Directional Movement: 5.99
AROON (14): 50.00
DEMA (21): 137.89
Parabolic SAR (0,02-0,02-0,2): 137.19
Elder Ray (13): 0.08
Super Trend (3,10): 135.54
Zig ZAG (10): 137.81
VORTEX (21): 1.0200
Stochastique (14,3,5): 52.14
TEMA (21): 138.22
Williams %R (14): -47.99
Chande Momentum Oscillator (20): 2.40
Repulse (5,40,3): -0.0800
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 3.17
MA7: 137.90
MA20: 137.08
MA50: 136.48
MA100: 137.14
MAexp7: 137.83
MAexp20: 137.42
MAexp50: 137.07
MAexp100: 136.84
Price / MA7: -0.05%
Price / MA20: +0.55%
Price / MA50: +0.99%
Price / MA100: +0.50%
Price / MAexp7: -0%
Price / MAexp20: +0.30%
Price / MAexp50: +0.55%
Price / MAexp100: +0.72%

Quotes : 2020-11-20 06:36:20 - 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:

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

About author

Online

Overall rating :
13572
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis GBP/JPY - Daily