GBP/JPY - 1H - Technical analysis published on 02/24/2021 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 148.29 JPY
My targets
149.88 JPY (+0.54)
151.61 JPY (+2.27)
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 148.29 JPY. The buyers” bullish objective is set at 149.88 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 151.61 JPY. If there is any crossing, the next objective would be the resistance located at 152.69 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 149.34 JPY. The price registered an increase of +0.45% on the session and was traded between 148.64 JPY and 150.12 JPY over the period. The price is currently at +0.47% from its lowest and -0.52% from its highest.148.64
150.12
149.34
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 146.87 | 147.40 | 148.29 | 149.34 | 152.69 | 156.07 | 195.62 |
Change (%) | -1.65% | -1.30% | -0.70% | - | +2.24% | +4.51% | +30.99% |
Change | -2.47 | -1.94 | -1.05 | - | +3.35 | +6.73 | +46.28 |
Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 146.97 | 147.32 | 147.99 | 148.34 | 149.01 | 149.36 | 150.03 |
Camarilla | 148.39 | 148.48 | 148.58 | 148.67 | 148.76 | 148.86 | 148.95 |
Woodie | 147.14 | 147.40 | 148.16 | 148.42 | 149.18 | 149.44 | 150.20 |
Fibonacci | 147.32 | 147.71 | 147.95 | 148.34 | 148.73 | 148.97 | 149.36 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 143.18 | 144.26 | 145.99 | 147.07 | 148.80 | 149.88 | 151.61 |
Camarilla | 146.94 | 147.20 | 147.45 | 147.71 | 147.97 | 148.23 | 148.48 |
Woodie | 143.50 | 144.42 | 146.31 | 147.23 | 149.12 | 150.04 | 151.93 |
Fibonacci | 144.26 | 145.34 | 146.00 | 147.07 | 148.15 | 148.81 | 149.88 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 136.22 | 137.87 | 140.67 | 142.32 | 145.12 | 146.77 | 149.57 |
Camarilla | 142.26 | 142.66 | 143.07 | 143.48 | 143.89 | 144.30 | 144.70 |
Woodie | 136.81 | 138.16 | 141.26 | 142.61 | 145.71 | 147.06 | 150.16 |
Fibonacci | 137.87 | 139.57 | 140.62 | 142.32 | 144.02 | 145.07 | 146.77 |
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): | 57.45 | |
MACD (12,26,9): | 0.2800 | |
Directional Movement: | 8.64 | |
AROON (14): | -50.00 | |
DEMA (21): | 149.72 | |
Parabolic SAR (0,02-0,02-0,2): | 150.05 | |
Elder Ray (13): | -0.12 | |
Super Trend (3,10): | 148.97 | |
Zig ZAG (10): | 149.38 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 36.28 | |
TEMA (21): | 149.72 | |
Williams %R (14): | -81.33 | |
Chande Momentum Oscillator (20): | -0.05 | |
Repulse (5,40,3): | -0.1400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 0.60 |
MA7: | 147.88 | |
MA20: | 145.58 | |
MA50: | 142.68 | |
MA100: | 140.18 | |
MAexp7: | 149.51 | |
MAexp20: | 149.32 | |
MAexp50: | 148.79 | |
MAexp100: | 148.25 | |
Price / MA7: | +0.99% | |
Price / MA20: | +2.58% | |
Price / MA50: | +4.67% | |
Price / MA100: | +6.53% | |
Price / MAexp7: | -0.11% | |
Price / MAexp20: | +0.01% | |
Price / MAexp50: | +0.37% | |
Price / MAexp100: | +0.74% |
Quotes :
2021-02-24 16:55:08
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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 February 25, 2021 by FXEmpire
- GBP/JPY Technical Analysis for February 24, 2021 by FXEmpire
- GBP/JPY Technical Analysis for February 23, 2021 by FXEmpire
- GBP/JPY Weekly Price Forecast - British Pound Continues to Skyrocket Against Yen
- GBP/JPY Price Forecast - British Pound Continues to Strengthen
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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