GBP/JPY - 1H - Technical analysis published on 06/07/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 155.30 JPY
My targets
154.35 JPY (-0.58)
153.77 JPY (-1.16)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/JPY. As long as you are under the resistance located at 155.30 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 154.35 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 153.77 JPY as an objective. Crossing it would then enable sellers to target 153.45 JPY. If the resistance 155.30 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
2.1
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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 rating is 154.93 JPY. On the day, this instrument lost -0.10% and was between 154.55 JPY and 155.29 JPY. This implies that the price is at +0.25% from its lowest and at -0.23% from its highest.154.55
155.29
154.93
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.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
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
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 153.77 | 154.35 | 154.81 | 154.93 | 155.04 | 155.30 | 155.60 |
| Change (%) | -0.75% | -0.37% | -0.08% | - | +0.07% | +0.24% | +0.43% |
| Change | -1.16 | -0.58 | -0.12 | - | +0.11 | +0.37 | +0.67 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 154.10 | 154.56 | 154.83 | 155.29 | 155.56 | 156.02 | 156.29 |
| Camarilla | 154.89 | 154.96 | 155.02 | 155.09 | 155.16 | 155.22 | 155.29 |
| Woodie | 154.00 | 154.51 | 154.73 | 155.24 | 155.46 | 155.97 | 156.19 |
| Fibonacci | 154.56 | 154.84 | 155.01 | 155.29 | 155.57 | 155.74 | 156.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.49 | 154.15 | 154.62 | 155.28 | 155.75 | 156.41 | 156.88 |
| Camarilla | 154.78 | 154.88 | 154.99 | 155.09 | 155.19 | 155.30 | 155.40 |
| Woodie | 153.40 | 154.10 | 154.53 | 155.23 | 155.66 | 156.36 | 156.79 |
| Fibonacci | 154.15 | 154.58 | 154.85 | 155.28 | 155.71 | 155.98 | 156.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.26 | 149.09 | 152.43 | 154.26 | 157.60 | 159.43 | 162.77 |
| Camarilla | 154.36 | 154.83 | 155.31 | 155.78 | 156.25 | 156.73 | 157.20 |
| Woodie | 148.03 | 149.47 | 153.20 | 154.64 | 158.37 | 159.81 | 163.54 |
| Fibonacci | 149.09 | 151.06 | 152.28 | 154.26 | 156.23 | 157.45 | 159.43 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.76 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -11.49 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 154.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.62 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 155.14 | |
| Zig ZAG (10): | 154.92 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 67.67 | |
| TEMA (21): | 154.78 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.21 |
| MA7: | 155.36 | |
| MA20: | 154.66 | |
| MA50: | 152.62 | |
| MA100: | 149.97 | |
| MAexp7: | 154.86 | |
| MAexp20: | 154.91 | |
| MAexp50: | 155.10 | |
| MAexp100: | 155.20 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +1.51% | |
| Price / MA100: | +3.31% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.17% |
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 June 8, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of June 07, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for June 7, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for June 4, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for June 3, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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