GBP/JPY - 1H - Technical analysis published on 05/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 151.73 JPY
My targets
152.41 JPY (+0.40)
152.69 JPY (+0.68)
My analysis
GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 151.73 JPY. The next resistance located at 152.41 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 152.69 JPY. After this resistance, buyers could then target 156.17 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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This analysis was given by dreika. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 152.01 JPY. The price has increased by +0.11% since the last closing and was between 151.82 JPY and 152.11 JPY. This implies that the price is at +0.13% from its lowest and at -0.07% from its highest.151.82
152.11
152.01
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 150.15 | 151.00 | 151.73 | 152.01 | 152.06 | 152.41 | 152.69 |
| Change (%) | -1.22% | -0.66% | -0.18% | - | +0.03% | +0.26% | +0.45% |
| Change | -1.86 | -1.01 | -0.28 | - | +0.05 | +0.40 | +0.68 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.15 | 150.57 | 151.21 | 151.63 | 152.27 | 152.69 | 153.33 |
| Camarilla | 151.55 | 151.65 | 151.74 | 151.84 | 151.94 | 152.03 | 152.13 |
| Woodie | 150.25 | 150.63 | 151.31 | 151.69 | 152.37 | 152.75 | 153.43 |
| Fibonacci | 150.57 | 150.98 | 151.23 | 151.63 | 152.04 | 152.29 | 152.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.78 | 148.16 | 149.65 | 151.03 | 152.52 | 153.90 | 155.39 |
| Camarilla | 150.35 | 150.61 | 150.88 | 151.14 | 151.40 | 151.67 | 151.93 |
| Woodie | 146.84 | 148.19 | 149.71 | 151.06 | 152.58 | 153.93 | 155.45 |
| Fibonacci | 148.16 | 149.26 | 149.93 | 151.03 | 152.13 | 152.80 | 153.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.63 | 146.85 | 148.99 | 151.21 | 153.35 | 155.57 | 157.71 |
| Camarilla | 149.94 | 150.34 | 150.74 | 151.14 | 151.54 | 151.94 | 152.34 |
| Woodie | 144.60 | 146.83 | 148.96 | 151.19 | 153.32 | 155.55 | 157.68 |
| Fibonacci | 146.85 | 148.51 | 149.54 | 151.21 | 152.87 | 153.90 | 155.57 |
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): | 62.08 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 5.54 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 152.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 151.36 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 151.61 | |
| Zig ZAG (10): | 152.09 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 93.17 | |
| TEMA (21): | 152.07 | |
| Williams %R (14): | -21.62 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.49 |
| MA7: | 151.60 | |
| MA20: | 150.72 | |
| MA50: | 150.81 | |
| MA100: | 146.75 | |
| MAexp7: | 152.00 | |
| MAexp20: | 151.88 | |
| MAexp50: | 151.74 | |
| MAexp100: | 151.57 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | +0.80% | |
| Price / MA100: | +3.58% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.29% |
Quotes :
-
Real time data
-
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 May 5, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for May 4, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of May 3, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for May 3, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for April 30, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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