GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: GBPJPY
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GBP/JPY - 15 min. - Technical analysis published on 12/08/2020 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 138.90 JPY
My targets
139.79 JPY (+0.73)
140.30 JPY (+1.24)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/JPY. This is a positive signal for buyers. As long as the price remains above 138.90 JPY, a purchase could be considered. The first bullish objective is located at 139.79 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 140.30 JPY as an objective. Crossing it would then enable buyers to target 140.71 JPY. In the event of a return below 138.90 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 139.06 JPY. The price has increased by +0.12% since the last closing and was between 138.41 JPY and 139.37 JPY. This implies that the price is at +0.47% from its lowest and at -0.22% from its highest.

138.41
139.37
139.06

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 15 min. chart of GBP/JPY indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes



An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 15 minutes


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 137.90 138.29 138.90 139.06 139.39 139.79 140.30
Change (%) -0.83% -0.55% -0.12% - +0.24% +0.52% +0.89%
Change -1.16 -0.77 -0.16 - +0.33 +0.73 +1.24
Level Minor Minor Intermediate - Major Minor 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
Standard143.00144.04144.72145.76146.44147.48148.16
Camarilla144.92145.08145.23145.39145.55145.71145.86
Woodie142.81143.95144.53145.67146.25147.39147.97
Fibonacci144.04144.70145.11145.76146.42146.83147.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard159.15161.57165.52167.94171.89174.31178.26
Camarilla167.72168.30168.89169.47170.05170.64171.22
Woodie159.92161.95166.29168.32172.66174.69179.03
Fibonacci161.57164.00165.51167.94170.37171.88174.31


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard130.44132.65135.88138.09141.32143.53146.76
Camarilla137.60138.10138.60139.10139.60140.10140.60
Woodie130.94132.91136.38138.35141.82143.79147.26
Fibonacci132.65134.73136.02138.09140.17141.46143.53

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): 58.24
MACD (12,26,9): -0.0600
Directional Movement: 15.02
AROON (14): 7.14
DEMA (21): 138.71
Parabolic SAR (0,02-0,02-0,2): 138.41
Elder Ray (13): 0.14
Super Trend (3,10): 138.16
Zig ZAG (10): 139.16
VORTEX (21): 0.9400
Stochastique (14,3,5): 55.46
TEMA (21): 138.78
Williams %R (14): -26.04
Chande Momentum Oscillator (20): 0.25
Repulse (5,40,3): 0.3100
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.17
MA7: 140.39
MA20: 139.18
MA50: 137.70
MA100: 137.77
MAexp7: 138.84
MAexp20: 138.77
MAexp50: 138.86
MAexp100: 138.94
Price / MA7: -0.95%
Price / MA20: -0.09%
Price / MA50: +0.99%
Price / MA100: +0.94%
Price / MAexp7: +0.16%
Price / MAexp20: +0.21%
Price / MAexp50: +0.14%
Price / MAexp100: +0.09%

Quotes : 2020-12-08 13:48:58 - Real time data - Forex

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

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