GBP/JPY - 1H - Technical analysis published on 12/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Bullish above 150.05 JPY
My targets
151.45 JPY (+0.85)
152.16 JPY (+1.56)
My analysis
The strong short-term increase in GBP/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 150.05 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 151.45 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 152.16 JPY as an objective. Crossing it would then enable buyers to target 153.41 JPY. Caution, a return under 150.05 JPY could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 150.60 JPY. The price registered an increase of +0.19% on the session and was traded between 150.16 JPY and 150.63 JPY over the period. The price is currently at +0.29% from its lowest and -0.02% from its highest.150.16
150.63
150.60
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
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 | 144.47 | 149.17 | 150.05 | 150.60 | 150.71 | 151.45 | 152.16 |
| Change (%) | -4.07% | -0.95% | -0.37% | - | +0.07% | +0.56% | +1.04% |
| Change | -6.13 | -1.43 | -0.55 | - | +0.11 | +0.85 | +1.56 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.80 | 149.29 | 149.81 | 150.30 | 150.82 | 151.31 | 151.83 |
| Camarilla | 150.04 | 150.14 | 150.23 | 150.32 | 150.41 | 150.51 | 150.60 |
| Woodie | 148.81 | 149.30 | 149.82 | 150.31 | 150.83 | 151.32 | 151.84 |
| Fibonacci | 149.29 | 149.68 | 149.92 | 150.30 | 150.69 | 150.93 | 151.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.41 | 148.56 | 149.91 | 152.06 | 153.41 | 155.56 | 156.91 |
| Camarilla | 150.29 | 150.61 | 150.93 | 151.25 | 151.57 | 151.89 | 152.21 |
| Woodie | 146.00 | 148.36 | 149.50 | 151.86 | 153.00 | 155.36 | 156.50 |
| Fibonacci | 148.56 | 149.90 | 150.73 | 152.06 | 153.40 | 154.23 | 155.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.31 | 145.52 | 148.08 | 152.29 | 154.85 | 159.06 | 161.62 |
| Camarilla | 148.78 | 149.40 | 150.02 | 150.64 | 151.26 | 151.88 | 152.50 |
| Woodie | 140.49 | 145.11 | 147.26 | 151.88 | 154.03 | 158.65 | 160.80 |
| Fibonacci | 145.52 | 148.11 | 149.70 | 152.29 | 154.88 | 156.47 | 159.06 |
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): | 54.77 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -3.83 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 150.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 150.21 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 149.96 | |
| Zig ZAG (10): | 150.51 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 73.04 | |
| TEMA (21): | 150.51 | |
| Williams %R (14): | -24.49 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 151.05 | |
| MA20: | 152.63 | |
| MA50: | 153.69 | |
| MA100: | 152.60 | |
| MAexp7: | 150.49 | |
| MAexp20: | 150.45 | |
| MAexp50: | 150.51 | |
| MAexp100: | 150.86 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -1.33% | |
| Price / MA50: | -2.01% | |
| Price / MA100: | -1.31% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.17% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
-
GBP/JPY Technical Analysis for December 03, 2021 by FXEmpire
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GBP/JPY Technical Analysis for December 02, 2021 by FXEmpire
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GBP/JPY Technical Analysis for December 01, 2021 by FXEmpire
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GBP/JPY Technical Analysis for November 30, 2021 by FXEmpire
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GBP/JPY Technical Analysis for the Week of November 29, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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