GBP/JPY - 1H - Technical analysis published on 11/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 139.46 JPY
My targets
138.92 JPY (-0.18)
138.35 JPY (-0.75)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/JPY as long as the price remains well below 139.46 JPY. The next bearish objective for sellers is set at 138.92 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 138.35 JPY. In case of crossing, the next objective would be the support located at 137.78 JPY.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 139.10 JPY. On the day, this instrument lost -0.09% and was traded between 138.92 JPY and 139.23 JPY over the period. The price is currently at +0.13% from its lowest and -0.09% from its highest.138.92
139.23
139.10
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 137.78 | 138.35 | 138.92 | 139.10 | 139.46 | 139.86 | 141.91 |
| Change (%) | -0.95% | -0.54% | -0.13% | - | +0.26% | +0.55% | +2.02% |
| Change | -1.32 | -0.75 | -0.18 | - | +0.36 | +0.76 | +2.81 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 137.96 | 138.44 | 138.83 | 139.31 | 139.70 | 140.18 | 140.57 |
| Camarilla | 138.98 | 139.06 | 139.14 | 139.22 | 139.30 | 139.38 | 139.46 |
| Woodie | 137.92 | 138.42 | 138.79 | 139.29 | 139.66 | 140.16 | 140.53 |
| Fibonacci | 138.44 | 138.77 | 138.98 | 139.31 | 139.64 | 139.85 | 140.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.48 | 136.33 | 137.17 | 138.02 | 138.86 | 139.71 | 140.55 |
| Camarilla | 137.54 | 137.69 | 137.85 | 138.00 | 138.16 | 138.31 | 138.47 |
| Woodie | 135.47 | 136.33 | 137.16 | 138.02 | 138.85 | 139.71 | 140.54 |
| Fibonacci | 136.33 | 136.98 | 137.38 | 138.02 | 138.67 | 139.07 | 139.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.37 | 132.39 | 133.93 | 135.95 | 137.49 | 139.51 | 141.05 |
| Camarilla | 134.50 | 134.83 | 135.15 | 135.48 | 135.81 | 136.13 | 136.46 |
| Woodie | 130.14 | 132.27 | 133.70 | 135.83 | 137.26 | 139.39 | 140.82 |
| Fibonacci | 132.39 | 133.75 | 134.59 | 135.95 | 137.31 | 138.15 | 139.51 |
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): | 45.19 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -2.33 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 139.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.28 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 139.41 | |
| Zig ZAG (10): | 139.07 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 43.09 | |
| TEMA (21): | 139.00 | |
| Williams %R (14): | -58.54 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.18 |
| MA7: | 138.93 | |
| MA20: | 138.00 | |
| MA50: | 136.85 | |
| MA100: | 137.37 | |
| MAexp7: | 139.06 | |
| MAexp20: | 139.14 | |
| MAexp50: | 139.25 | |
| MAexp100: | 139.11 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | +1.26% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.01% |
Quotes :
2020-11-27 08:05:02
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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 November 27, 2020 by FXEmpire
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GBP/JPY Technical Analysis for November 26, 2020 by FXEmpire
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GBP/JPY Technical Analysis for November 25, 2020 by FXEmpire
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GBP/JPY Technical Analysis for November 24, 2020 by FXEmpire
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GBP/JPY Technical Analysis for the Week of November 23, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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