GBP/JPY - 1H - Technical analysis published on 08/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 129.23 JPY
My targets
129.58 JPY (+0.13%)
134.45 JPY (+3.89%)
My analysis
The basic bullish trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 129.23 JPY. Crossing the first resistance at 129.58 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 134.45 JPY as an objective. Crossing it would then enable buyers to target 139.65 JPY. Caution, a return to below 129.23 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 129.41 JPY. The price registered an increase of +0.16% on the session with the lowest point at 128.98 JPY and the highest point at 129.54 JPY. The deviation from the price is +0.33% for the low point and -0.10% for the high point.128.98
129.54
129.41
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance 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 | 128.15 | 128.98 | 129.23 | 129.41 | 129.58 | 134.45 | 139.65 |
| Change (%) | -0.97% | -0.33% | -0.14% | - | +0.13% | +3.89% | +7.91% |
| Change | -1.26 | -0.43 | -0.18 | - | +0.17 | +5.04 | +10.24 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 126.95 | 127.55 | 128.38 | 128.98 | 129.81 | 130.41 | 131.24 |
| Camarilla | 128.82 | 128.95 | 129.08 | 129.21 | 129.34 | 129.47 | 129.60 |
| Woodie | 127.07 | 127.61 | 128.50 | 129.04 | 129.93 | 130.47 | 131.36 |
| Fibonacci | 127.55 | 128.10 | 128.43 | 128.98 | 129.53 | 129.86 | 130.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.28 | 125.42 | 127.31 | 128.45 | 130.34 | 131.48 | 133.37 |
| Camarilla | 128.38 | 128.66 | 128.93 | 129.21 | 129.49 | 129.77 | 130.04 |
| Woodie | 124.67 | 125.61 | 127.70 | 128.64 | 130.73 | 131.67 | 133.76 |
| Fibonacci | 125.42 | 126.57 | 127.29 | 128.45 | 129.60 | 130.32 | 131.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.80 | 127.70 | 129.98 | 133.88 | 136.16 | 140.06 | 142.34 |
| Camarilla | 130.55 | 131.12 | 131.68 | 132.25 | 132.82 | 133.38 | 133.95 |
| Woodie | 122.98 | 127.30 | 129.16 | 133.48 | 135.34 | 139.66 | 141.52 |
| Fibonacci | 127.70 | 130.06 | 131.52 | 133.88 | 136.24 | 137.70 | 140.06 |
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): | 60.02 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 9.37 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 129.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.01 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 128.85 | |
| Zig ZAG (10): | 129.37 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 63.69 | |
| TEMA (21): | 129.27 | |
| Williams %R (14): | -30.36 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.03 |
| MA7: | 128.23 | |
| MA20: | 130.48 | |
| MA50: | 133.83 | |
| MA100: | 138.19 | |
| MAexp7: | 129.30 | |
| MAexp20: | 129.22 | |
| MAexp50: | 129.00 | |
| MAexp100: | 128.69 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -3.30% | |
| Price / MA100: | -6.35% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.56% |
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 August 20, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for the week of August 19, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for August 19, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for August 16, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for August 15, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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