GBP/JPY - 1H - Technical analysis published on 12/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 139.98 JPY
My targets
141.80 JPY (+1.58)
143.25 JPY (+3.03)
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 139.98 JPY. The buyers” bullish objective is set at 141.80 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 143.25 JPY. If there is any crossing, the next objective would be the resistance located at 147.65 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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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
The GBP/JPY price is 140.22 JPY. The price has increased by +0.19% since the last closing with the lowest point at 139.79 JPY and the highest point at 140.24 JPY. The deviation from the price is +0.31% for the low point and -0.01% for the high point.139.79
140.24
140.22
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
A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 138.89 | 139.59 | 139.98 | 140.22 | 140.34 | 141.91 | 147.65 |
| Change (%) | -0.95% | -0.45% | -0.17% | - | +0.09% | +1.21% | +5.30% |
| Change | -1.33 | -0.63 | -0.24 | - | +0.12 | +1.69 | +7.43 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 138.67 | 139.13 | 139.54 | 140.00 | 140.41 | 140.87 | 141.28 |
| Camarilla | 139.72 | 139.80 | 139.88 | 139.96 | 140.04 | 140.12 | 140.20 |
| Woodie | 138.66 | 139.12 | 139.53 | 139.99 | 140.40 | 140.86 | 141.27 |
| Fibonacci | 139.13 | 139.46 | 139.66 | 140.00 | 140.33 | 140.53 | 140.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.60 | 134.70 | 136.15 | 138.25 | 139.70 | 141.80 | 143.25 |
| Camarilla | 136.63 | 136.96 | 137.29 | 137.61 | 137.94 | 138.26 | 138.59 |
| Woodie | 132.29 | 134.54 | 135.84 | 138.09 | 139.39 | 141.64 | 142.94 |
| Fibonacci | 134.70 | 136.05 | 136.89 | 138.25 | 139.60 | 140.44 | 141.80 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.93 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -5.52 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 140.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.37 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 139.65 | |
| Zig ZAG (10): | 139.99 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 139.92 | |
| Williams %R (14): | -65.28 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.29 |
| MA7: | 139.12 | |
| MA20: | 139.30 | |
| MA50: | 137.90 | |
| MA100: | 137.89 | |
| MAexp7: | 139.97 | |
| MAexp20: | 139.97 | |
| MAexp50: | 139.83 | |
| MAexp100: | 139.56 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +1.69% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.47% |
Quotes :
2020-12-18 08:29:43
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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 December 18, 2020 by FXEmpire
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GBP/JPY Technical Analysis for December 17, 2020 by FXEmpire
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GBP/JPY Technical Analysis for December 16, 2020 by FXEmpire
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GBP/JPY Technical Analysis for December 15, 2020 by FXEmpire
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GBP/JPY Technical Analysis for the Week of December 14, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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