GBP/JPY - 1H - Technical analysis published on 04/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 150.21 JPY
My targets
149.58 JPY (-0.33)
148.92 JPY (-0.99)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 150.21 JPY remains possible. It is advisable to trade GBP/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 150.21 JPY. The next bearish objective for sellers is set at 149.58 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 148.92 JPY. In case of crossing, the next objective would be the support located at 147.40 JPY. PS: if there is a bullish break in the resistance located at 150.21 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4
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Additional analysis
Quotes
GBP/JPY rating 149.91 JPY. On the day, this instrument gained +0.07% and was between 149.39 JPY and 150.09 JPY. This implies that the price is at +0.35% from its lowest and at -0.12% from its highest.149.39
150.09
149.91
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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 : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 147.40 | 148.92 | 149.58 | 149.91 | 150.21 | 150.94 | 152.08 |
| Change (%) | -1.67% | -0.66% | -0.22% | - | +0.20% | +0.69% | +1.45% |
| Change | -2.51 | -0.99 | -0.33 | - | +0.30 | +1.03 | +2.17 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 149.09 | 149.39 | 149.60 | 149.90 | 150.11 | 150.41 | 150.62 |
| Camarilla | 149.67 | 149.72 | 149.76 | 149.81 | 149.86 | 149.90 | 149.95 |
| Woodie | 149.05 | 149.37 | 149.56 | 149.88 | 150.07 | 150.39 | 150.58 |
| Fibonacci | 149.39 | 149.59 | 149.71 | 149.90 | 150.10 | 150.22 | 150.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.96 | 147.27 | 148.79 | 151.10 | 152.62 | 154.93 | 156.45 |
| Camarilla | 149.25 | 149.60 | 149.95 | 150.30 | 150.65 | 151.00 | 151.35 |
| Woodie | 144.56 | 147.07 | 148.39 | 150.90 | 152.22 | 154.73 | 156.05 |
| Fibonacci | 147.27 | 148.74 | 149.64 | 151.10 | 152.57 | 153.47 | 154.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.92 | 146.51 | 149.60 | 151.19 | 154.28 | 155.87 | 158.96 |
| Camarilla | 151.39 | 151.82 | 152.25 | 152.68 | 153.11 | 153.54 | 153.97 |
| Woodie | 145.66 | 146.89 | 150.34 | 151.57 | 155.02 | 156.25 | 159.70 |
| Fibonacci | 146.51 | 148.30 | 149.41 | 151.19 | 152.98 | 154.09 | 155.87 |
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): | 52.88 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -2.00 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 149.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.43 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 150.11 | |
| Zig ZAG (10): | 149.89 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 87.88 | |
| TEMA (21): | 149.83 | |
| Williams %R (14): | -17.14 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.03 |
| MA7: | 150.07 | |
| MA20: | 150.92 | |
| MA50: | 149.66 | |
| MA100: | 145.20 | |
| MAexp7: | 149.85 | |
| MAexp20: | 149.84 | |
| MAexp50: | 149.93 | |
| MAexp100: | 150.11 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.67% | |
| Price / MA50: | +0.17% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.13% |
Quotes :
-
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 April 16, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for April 15, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for April 14, 2021 by FXEmpire
-
Market Sentiment Data Bearish for GBP/JPY | Webinar
-
GBP/JPY Technical Analysis for April 13, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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