GBP/JPY - 1H - Technical analysis published on 12/01/2020 (GMT)
- 121
- 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!
Click here for a new analysis!
- 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
72%
6%
22%
My opinion
Bullish above 139.00 JPY
My targets
139.86 JPY (+0.24)
140.76 JPY (+1.14)
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
7.9
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 TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 139.62 JPY. On the day, this instrument gained +0.37% with the lowest point at 138.96 JPY and the highest point at 139.80 JPY. The deviation from the price is +0.47% for the low point and -0.13% for the high point.138.96
139.80
139.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in 1H shows a strongly overall bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 138.29 | 139.00 | 139.59 | 139.62 | 139.86 | 141.91 | 147.65 |
| Change (%) | -0.95% | -0.44% | -0.02% | - | +0.17% | +1.64% | +5.75% |
| Change | -1.33 | -0.62 | -0.03 | - | +0.24 | +2.29 | +8.03 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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): | 62.09 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 11.84 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 139.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 138.96 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 139.05 | |
| Zig ZAG (10): | 139.61 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 59.92 | |
| TEMA (21): | 139.48 | |
| Williams %R (14): | -21.43 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.24 |
| MA7: | 139.31 | |
| MA20: | 138.28 | |
| MA50: | 137.06 | |
| MA100: | 137.46 | |
| MAexp7: | 139.41 | |
| MAexp20: | 139.34 | |
| MAexp50: | 139.18 | |
| MAexp100: | 139.09 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +1.87% | |
| Price / MA100: | +1.57% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.38% |
Quotes :
2020-12-01 15:50:41
-
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:
-
GBP/JPY Technical Analysis for December 2, 2020 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/JPY - 1H