GBP/JPY - 1H - Technical analysis published on 09/06/2021 (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
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 152.29 JPY
My targets
151.60 JPY (-0.21)
151.27 JPY (-0.54)
My analysis
GBP/JPY is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 152.29 JPY, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 151.60 JPY. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 151.27 JPY would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 150.47 JPY. Beware of a possible return to above the resistance located at 152.29 JPY which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.9
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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 price is 151.81 JPY. The price registered a decrease of -0.22% on the session and was between 151.80 JPY and 152.26 JPY. This implies that the price is at +0.01% from its lowest and at -0.30% from its highest.151.80
152.26
151.81
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (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 slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 150.47 | 151.27 | 151.60 | 151.81 | 151.95 | 152.29 | 153.45 |
| Change (%) | -0.88% | -0.36% | -0.14% | - | +0.09% | +0.32% | +1.08% |
| Change | -1.34 | -0.54 | -0.21 | - | +0.14 | +0.48 | +1.64 |
| Level | Minor | Minor | 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 | 151.34 | 151.57 | 151.85 | 152.08 | 152.36 | 152.59 | 152.87 |
| Camarilla | 152.00 | 152.05 | 152.09 | 152.14 | 152.19 | 152.23 | 152.28 |
| Woodie | 151.38 | 151.58 | 151.89 | 152.09 | 152.40 | 152.60 | 152.91 |
| Fibonacci | 151.57 | 151.76 | 151.88 | 152.08 | 152.27 | 152.39 | 152.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.94 | 150.45 | 151.29 | 151.80 | 152.64 | 153.15 | 153.99 |
| Camarilla | 151.77 | 151.89 | 152.02 | 152.14 | 152.26 | 152.39 | 152.51 |
| Woodie | 150.12 | 150.53 | 151.47 | 151.88 | 152.82 | 153.23 | 154.17 |
| Fibonacci | 150.45 | 150.96 | 151.28 | 151.80 | 152.31 | 152.63 | 153.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.13 | 147.16 | 149.26 | 151.29 | 153.39 | 155.42 | 157.52 |
| Camarilla | 150.22 | 150.60 | 150.98 | 151.36 | 151.74 | 152.12 | 152.50 |
| Woodie | 145.17 | 147.18 | 149.30 | 151.31 | 153.43 | 155.44 | 157.56 |
| Fibonacci | 147.16 | 148.74 | 149.71 | 151.29 | 152.87 | 153.84 | 155.42 |
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): | 38.39 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -6.75 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 152.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 152.21 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 151.81 | |
| Zig ZAG (10): | 151.85 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 13.69 | |
| TEMA (21): | 151.92 | |
| Williams %R (14): | -95.65 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.18 |
| MA7: | 151.65 | |
| MA20: | 151.37 | |
| MA50: | 151.96 | |
| MA100: | 152.75 | |
| MAexp7: | 151.99 | |
| MAexp20: | 152.04 | |
| MAexp50: | 152.01 | |
| MAexp100: | 151.83 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.62% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
Real time data
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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 September 07, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of September 09, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for September 06, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for September 03, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for September 02, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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