GBP/JPY - 1H - Technical analysis published on 08/11/2021 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 152.62 JPY
My targets
153.45 JPY (+0.37)
154.53 JPY (+1.45)
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 152.62 JPY. The buyers' bullish objective is set at 153.45 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 154.53 JPY. If there is any crossing, the next objective would be the resistance located at 156.17 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 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
7.3
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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
GBP/JPY rating 153.08 JPY. The price has increased by +0.04% since the last closing and was traded between 152.92 JPY and 153.14 JPY over the period. The price is currently at +0.10% from its lowest and -0.04% from its highest.152.92
153.14
153.08
A study of price movements over other periods shows the following variations:
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 moving averages are 89.29% 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 currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle 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 | 152.21 | 152.62 | 153.07 | 153.08 | 153.45 | 156.17 | 195.62 |
Change (%) | -0.57% | -0.30% | -0.01% | - | +0.24% | +2.02% | +27.79% |
Change | -0.87 | -0.46 | -0.01 | - | +0.37 | +3.09 | +42.54 |
Level | Minor | Intermediate | Minor | - | Major | Major | 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 | 151.95 | 152.29 | 152.65 | 152.99 | 153.35 | 153.69 | 154.05 |
Camarilla | 152.83 | 152.89 | 152.96 | 153.02 | 153.08 | 153.15 | 153.21 |
Woodie | 151.97 | 152.30 | 152.67 | 153.00 | 153.37 | 153.70 | 154.07 |
Fibonacci | 152.29 | 152.55 | 152.72 | 152.99 | 153.25 | 153.42 | 153.69 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 149.58 | 150.37 | 151.66 | 152.45 | 153.74 | 154.53 | 155.82 |
Camarilla | 152.37 | 152.56 | 152.75 | 152.94 | 153.13 | 153.32 | 153.51 |
Woodie | 149.82 | 150.50 | 151.90 | 152.58 | 153.98 | 154.66 | 156.06 |
Fibonacci | 150.37 | 151.17 | 151.66 | 152.45 | 153.25 | 153.74 | 154.53 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 143.68 | 146.07 | 149.30 | 151.69 | 154.92 | 157.31 | 160.54 |
Camarilla | 150.99 | 151.50 | 152.02 | 152.53 | 153.05 | 153.56 | 154.08 |
Woodie | 144.10 | 146.28 | 149.72 | 151.90 | 155.34 | 157.52 | 160.96 |
Fibonacci | 146.07 | 148.22 | 149.54 | 151.69 | 153.84 | 155.16 | 157.31 |
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): | 58.88 | |
MACD (12,26,9): | 0.0400 | |
Directional Movement: | 9.08 | |
AROON (14): | 64.29 | |
DEMA (21): | 153.08 | |
Parabolic SAR (0,02-0,02-0,2): | 153.21 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 152.76 | |
Zig ZAG (10): | 153.10 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 79.55 | |
TEMA (21): | 153.08 | |
Williams %R (14): | -26.09 | |
Chande Momentum Oscillator (20): | 0.12 | |
Repulse (5,40,3): | 0.0400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.00 |
MA7: | 152.64 | |
MA20: | 152.06 | |
MA50: | 153.15 | |
MA100: | 152.76 | |
MAexp7: | 153.05 | |
MAexp20: | 153.03 | |
MAexp50: | 152.95 | |
MAexp100: | 152.82 | |
Price / MA7: | +0.29% | |
Price / MA20: | +0.67% | |
Price / MA50: | -0.05% | |
Price / MA100: | +0.21% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | +0.08% | |
Price / MAexp100: | +0.17% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news was as follows:
- GBP/JPY Technical Analysis for August 11, 2021 by FXEmpire
- GBP/JPY Technical Analysis for August 10, 2021 by FXEmpire
- GBP/JPY Technical Analysis for the Week of August 09, 2021 by FXEmpire
- GBP/JPY Technical Analysis for August 09, 2021 by FXEmpire
- GBP/JPY Technical Analysis for August 06, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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