GBP/JPY - Daily - Technical analysis published on 09/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
33%
17%
50%
My opinion
Bullish above 130.44 JPY
My targets
134.45 JPY (+0.01%)
136.99 JPY (+1.90%)
My analysis
The strong short-term increase of GBP/JPY should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 130.44 JPY, a purchase could be considered. The first bullish objective is located at 134.45 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 136.99 JPY. If there is any crossing, the next objective would be the resistance at 139.65 JPY. Caution, if there is a return under 130.44 JPY, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
1.6
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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 134.43 JPY. On the day, this instrument lost -0.58% and was traded between 134.26 JPY and 135.26 JPY over the period. The price is currently at +0.13% from its lowest and -0.61% from its highest.134.26
135.26
134.43
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/JPY indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 126.62 | 130.44 | 134.43 | 134.45 | 136.99 | 139.65 |
Change (%) | -5.81% | -2.97% | - | +0.01% | +1.90% | +3.88% |
Change | -7.81 | -3.99 | - | +0.02 | +2.56 | +5.22 |
Level | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 133.59 | 134.09 | 134.66 | 135.16 | 135.73 | 136.23 | 136.80 |
Camarilla | 134.93 | 135.02 | 135.12 | 135.22 | 135.32 | 135.42 | 135.51 |
Woodie | 133.62 | 134.11 | 134.69 | 135.18 | 135.76 | 136.25 | 136.83 |
Fibonacci | 134.09 | 134.50 | 134.76 | 135.16 | 135.57 | 135.83 | 136.23 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 169.09 | 170.08 | 172.06 | 173.05 | 175.03 | 176.02 | 178.00 |
Camarilla | 173.22 | 173.50 | 173.77 | 174.04 | 174.31 | 174.58 | 174.86 |
Woodie | 169.59 | 170.33 | 172.56 | 173.30 | 175.53 | 176.27 | 178.50 |
Fibonacci | 170.08 | 171.22 | 171.92 | 173.05 | 174.19 | 174.89 | 176.02 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 120.34 | 123.45 | 126.35 | 129.46 | 132.36 | 135.47 | 138.37 |
Camarilla | 127.61 | 128.16 | 128.71 | 129.26 | 129.81 | 130.36 | 130.91 |
Woodie | 120.25 | 123.40 | 126.26 | 129.41 | 132.27 | 135.42 | 138.28 |
Fibonacci | 123.45 | 125.74 | 127.16 | 129.46 | 131.75 | 133.17 | 135.47 |
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): | 52.65 | |
MACD (12,26,9): | 1.5100 | |
Directional Movement: | 3.35 | |
AROON (14): | 64.29 | |
DEMA (21): | 135.24 | |
Parabolic SAR (0,02-0,02-0,2): | 133.99 | |
Elder Ray (13): | 0.31 | |
Super Trend (3,10): | 143.89 | |
Zig ZAG (10): | 134.45 | |
VORTEX (21): | 1.1100 | |
Stochastique (14,3,5): | 37.80 | |
TEMA (21): | 136.90 | |
Williams %R (14): | -64.61 | |
Chande Momentum Oscillator (20): | 4.18 | |
Repulse (5,40,3): | 0.1100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1300 | |
Courbe Coppock: | 9.92 |
MA7: | 136.47 | |
MA20: | 132.58 | |
MA50: | 131.74 | |
MA100: | 134.97 | |
MAexp7: | 135.37 | |
MAexp20: | 133.54 | |
MAexp50: | 133.03 | |
MAexp100: | 134.99 | |
Price / MA7: | -1.49% | |
Price / MA20: | +1.40% | |
Price / MA50: | +2.04% | |
Price / MA100: | -0.40% | |
Price / MAexp7: | -0.69% | |
Price / MAexp20: | +0.67% | |
Price / MAexp50: | +1.05% | |
Price / MAexp100: | -0.41% |
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
- GBP/JPY Technical Analysis for September 19, 2019 by FXEmpire
- GBP/JPY Technical Analysis for September 18, 2019 by FXEmpire
- GBP/JPY Technical Analysis for September 17, 2019 by FXEmpire
- GBP/JPY Technical Analysis for September 13, 2019 by FXEmpire
- GBP/JPY Technical Analysis for September 12, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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