GBP/JPY - 1H - Technical analysis published on 11/11/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 139.49 JPY
My targets
134.45 JPY (-3.60%)
130.68 JPY (-6.30%)
My analysis
The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 139.49 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 134.45 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 130.68 JPY as an objective. Crossing it would then enable sellers to target 126.62 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
8
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Additional analysis
Quotes
GBP/JPY rating 139.47 JPY. The price registered a decrease of -0.08% on the session and was traded between 139.46 JPY and 139.82 JPY over the period. The price is currently at +0.01% from its lowest and -0.25% from its highest.139.46
139.82
139.47
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 126.62 | 130.68 | 134.45 | 139.47 | 139.49 | 139.65 | 139.87 |
| Change (%) | -9.21% | -6.30% | -3.60% | - | +0.01% | +0.13% | +0.29% |
| Change | -12.85 | -8.79 | -5.02 | - | +0.02 | +0.18 | +0.40 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 138.46 | 138.93 | 139.26 | 139.73 | 140.06 | 140.53 | 140.86 |
| Camarilla | 139.36 | 139.43 | 139.51 | 139.58 | 139.65 | 139.73 | 139.80 |
| Woodie | 138.38 | 138.90 | 139.18 | 139.70 | 139.98 | 140.50 | 140.78 |
| Fibonacci | 138.93 | 139.24 | 139.43 | 139.73 | 140.04 | 140.23 | 140.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.74 | 138.57 | 139.08 | 139.91 | 140.42 | 141.25 | 141.76 |
| Camarilla | 139.21 | 139.33 | 139.46 | 139.58 | 139.70 | 139.83 | 139.95 |
| Woodie | 137.57 | 138.49 | 138.91 | 139.83 | 140.25 | 141.17 | 141.59 |
| Fibonacci | 138.57 | 139.09 | 139.40 | 139.91 | 140.43 | 140.74 | 141.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.87 | 126.15 | 132.95 | 137.23 | 144.03 | 148.31 | 155.11 |
| Camarilla | 136.70 | 137.72 | 138.73 | 139.75 | 140.77 | 141.78 | 142.80 |
| Woodie | 123.13 | 126.78 | 134.21 | 137.86 | 145.29 | 148.94 | 156.37 |
| Fibonacci | 126.15 | 130.38 | 133.00 | 137.23 | 141.46 | 144.08 | 148.31 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.67 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -10.27 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 139.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.77 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 140.03 | |
| Zig ZAG (10): | 139.46 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 20.82 | |
| TEMA (21): | 139.54 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.48 |
| MA7: | 139.98 | |
| MA20: | 139.93 | |
| MA50: | 135.80 | |
| MA100: | 134.07 | |
| MAexp7: | 139.61 | |
| MAexp20: | 139.73 | |
| MAexp50: | 139.89 | |
| MAexp100: | 140.00 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | +2.70% | |
| Price / MA100: | +4.03% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.38% |
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
-
GBP/JPY Technical Analysis for November 11, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for the week of November 11, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 08, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 07, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 06, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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