GBP/JPY - 1H - Technical analysis published on 12/01/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 139.00 JPY
My targets
139.86 JPY (+0.30)
140.76 JPY (+1.20)
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 139.00 JPY. The buyers” bullish objective is set at 139.86 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 140.76 JPY. If there is any crossing, the next objective would be the resistance located at 141.91 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 139.56 JPY. The price has increased by +0.33% since the last closing and was between 139.08 JPY and 139.80 JPY. This implies that the price is at +0.35% from its lowest and at -0.17% from its highest.139.08
139.80
139.56
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
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 | 138.29 | 139.00 | 139.56 | 139.59 | 139.86 | 141.91 |
| Change (%) | -1.28% | -0.91% | -0.40% | - | +0.02% | +0.21% | +1.68% |
| Change | -1.78 | -1.27 | -0.56 | - | +0.03 | +0.30 | +2.35 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.39 | 137.88 | 138.49 | 138.98 | 139.59 | 140.08 | 140.69 |
| Camarilla | 138.80 | 138.90 | 139.00 | 139.10 | 139.20 | 139.30 | 139.40 |
| Woodie | 137.45 | 137.91 | 138.55 | 139.01 | 139.65 | 140.11 | 140.75 |
| Fibonacci | 137.88 | 138.30 | 138.56 | 138.98 | 139.40 | 139.66 | 140.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.69 | 136.78 | 137.68 | 138.77 | 139.67 | 140.76 | 141.66 |
| Camarilla | 138.03 | 138.22 | 138.40 | 138.58 | 138.76 | 138.95 | 139.13 |
| Woodie | 135.60 | 136.73 | 137.59 | 138.72 | 139.58 | 140.71 | 141.57 |
| Fibonacci | 136.78 | 137.54 | 138.01 | 138.77 | 139.53 | 140.00 | 140.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.44 | 132.65 | 135.88 | 138.09 | 141.32 | 143.53 | 146.76 |
| Camarilla | 137.60 | 138.10 | 138.60 | 139.10 | 139.60 | 140.10 | 140.60 |
| Woodie | 130.94 | 132.91 | 136.38 | 138.35 | 141.82 | 143.79 | 147.26 |
| Fibonacci | 132.65 | 134.73 | 136.02 | 138.09 | 140.17 | 141.46 | 143.53 |
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): | 66.13 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 15.40 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 139.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.07 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 139.05 | |
| Zig ZAG (10): | 139.67 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 83.81 | |
| TEMA (21): | 139.63 | |
| Williams %R (14): | -17.44 | |
| Chande Momentum Oscillator (20): | 0.49 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.49 |
| MA7: | 139.33 | |
| MA20: | 138.28 | |
| MA50: | 137.06 | |
| MA100: | 137.46 | |
| MAexp7: | 139.52 | |
| MAexp20: | 139.33 | |
| MAexp50: | 139.14 | |
| MAexp100: | 139.07 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | +1.82% | |
| Price / MA100: | +1.53% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.35% |
Quotes :
2020-12-01 09:09:31
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Real time data
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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 December 1, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for November 30, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for November 27, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for November 26, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for November 25, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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