GBP/JPY - 1H - Technical analysis published on 11/18/2019 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 140.59 JPY
My targets
140.75 JPY (+0.10%)
144.55 JPY (+2.80%)
My analysis
GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 140.59 JPY. The next resistance located at 140.75 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 144.55 JPY. After this resistance, buyers could then target 148.09 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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Additional analysis
Quotes
The GBP/JPY price is 140.61 JPY. On the day, this instrument gained +0.13% and was traded between 140.40 JPY and 140.66 JPY over the period. The price is currently at +0.15% from its lowest and -0.04% from its highest.140.40
140.66
140.61
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 140.20 | 140.47 | 140.59 | 140.61 | 140.75 | 144.55 | 148.09 |
| Change (%) | -0.29% | -0.10% | -0.01% | - | +0.10% | +2.80% | +5.32% |
| Change | -0.41 | -0.14 | -0.02 | - | +0.14 | +3.94 | +7.48 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.98 | 140.17 | 140.30 | 140.49 | 140.62 | 140.81 | 140.94 |
| Camarilla | 140.34 | 140.37 | 140.40 | 140.43 | 140.46 | 140.49 | 140.52 |
| Woodie | 139.95 | 140.16 | 140.27 | 140.48 | 140.59 | 140.80 | 140.91 |
| Fibonacci | 140.17 | 140.29 | 140.37 | 140.49 | 140.61 | 140.69 | 140.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.40 | 138.88 | 139.63 | 140.11 | 140.86 | 141.34 | 142.09 |
| Camarilla | 140.04 | 140.16 | 140.27 | 140.38 | 140.49 | 140.61 | 140.72 |
| Woodie | 138.54 | 138.95 | 139.77 | 140.18 | 141.00 | 141.41 | 142.23 |
| Fibonacci | 138.88 | 139.35 | 139.64 | 140.11 | 140.58 | 140.87 | 141.34 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.35 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 20.92 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 140.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.32 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 140.18 | |
| Zig ZAG (10): | 140.63 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 88.94 | |
| TEMA (21): | 140.67 | |
| Williams %R (14): | -6.25 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.71 |
| MA7: | 140.18 | |
| MA20: | 140.05 | |
| MA50: | 136.89 | |
| MA100: | 134.29 | |
| MAexp7: | 140.53 | |
| MAexp20: | 140.32 | |
| MAexp50: | 140.08 | |
| MAexp100: | 140.00 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +2.72% | |
| Price / MA100: | +4.71% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.44% |
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 the week of November 18, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 18, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 15, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 14, 2019 by FXEmpire
-
GBP/JPY Technical Analysis for November 13, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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