GBP/JPY
GBP JPY
142.06 JPY (-0.03%)
Open Real time data - Forex
Open: 142.11
Change: -0.04
Volume: 91,040
Low: 141.51
High: 142.21
High / Low range: 0.70
Type: Forex
Ticker: GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 11/27/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-11-27 08:05:04
  • Status : TARGET REACHED

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

Complete this analysis for another time unit:
15 min. Daily 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

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/JPY:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard137.96138.44138.83139.31139.70140.18140.57
Camarilla138.98139.06139.14139.22139.30139.38139.46
Woodie137.92138.42138.79139.29139.66140.16140.53
Fibonacci138.44138.77138.98139.31139.64139.85140.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard135.48136.33137.17138.02138.86139.71140.55
Camarilla137.54137.69137.85138.00138.16138.31138.47
Woodie135.47136.33137.16138.02138.85139.71140.54
Fibonacci136.33136.98137.38138.02138.67139.07139.71


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): 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 - Real time data - Forex

News


The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

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

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