GBP/JPY - 1H - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 143.65 JPY
My targets
142.80 JPY (-0.27)
142.43 JPY (-0.64)
My analysis
There is a bearish trend on GBP/JPY both at the basic level and in the short term. A sale could be considered, so long as the price remains below 143.65 JPY. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 142.80 JPY. Then the price could move towards 142.43 JPY. Then 141.46 JPY by extension. Be careful, a return to above the resistance 143.65 JPY would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.2
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Additional analysis
Quotes
The GBP/JPY rating is 143.07 JPY. On the day, this instrument gained -0.13% and was between 142.87 JPY and 143.30 JPY. This implies that the price is at +0.14% from its lowest and at -0.16% from its highest.142.87
143.30
143.07
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/JPY in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 142.43 | 142.80 | 142.97 | 143.07 | 143.65 | 143.90 | 144.18 |
Change (%) | -0.45% | -0.19% | -0.07% | - | +0.41% | +0.58% | +0.78% |
Change | -0.64 | -0.27 | -0.10 | - | +0.58 | +0.83 | +1.11 |
Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 142.35 | 142.57 | 142.92 | 143.14 | 143.49 | 143.71 | 144.06 |
Camarilla | 143.10 | 143.16 | 143.21 | 143.26 | 143.31 | 143.37 | 143.42 |
Woodie | 142.41 | 142.60 | 142.98 | 143.17 | 143.55 | 143.74 | 144.12 |
Fibonacci | 142.57 | 142.79 | 142.93 | 143.14 | 143.36 | 143.50 | 143.71 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 140.11 | 141.24 | 142.28 | 143.41 | 144.45 | 145.58 | 146.62 |
Camarilla | 142.73 | 142.93 | 143.13 | 143.33 | 143.53 | 143.73 | 143.93 |
Woodie | 140.08 | 141.22 | 142.25 | 143.39 | 144.42 | 145.56 | 146.59 |
Fibonacci | 141.24 | 142.07 | 142.58 | 143.41 | 144.24 | 144.75 | 145.58 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 133.50 | 137.16 | 140.63 | 144.29 | 147.76 | 151.42 | 154.89 |
Camarilla | 142.13 | 142.78 | 143.44 | 144.09 | 144.74 | 145.40 | 146.05 |
Woodie | 133.40 | 137.11 | 140.53 | 144.24 | 147.66 | 151.37 | 154.79 |
Fibonacci | 137.16 | 139.89 | 141.57 | 144.29 | 147.02 | 148.70 | 151.42 |
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): | 43.05 | |
MACD (12,26,9): | -0.0600 | |
Directional Movement: | -13.14 | |
AROON (14): | -28.57 | |
DEMA (21): | 143.11 | |
Parabolic SAR (0,02-0,02-0,2): | 143.35 | |
Elder Ray (13): | -0.10 | |
Super Trend (3,10): | 143.42 | |
Zig ZAG (10): | 143.12 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 31.33 | |
TEMA (21): | 143.14 | |
Williams %R (14): | -52.00 | |
Chande Momentum Oscillator (20): | -0.04 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.03 |
MA7: | 143.27 | |
MA20: | 142.95 | |
MA50: | 142.36 | |
MA100: | 139.21 | |
MAexp7: | 143.13 | |
MAexp20: | 143.19 | |
MAexp50: | 143.30 | |
MAexp100: | 143.32 | |
Price / MA7: | -0.14% | |
Price / MA20: | +0.08% | |
Price / MA50: | +0.50% | |
Price / MA100: | +2.77% | |
Price / MAexp7: | -0.03% | |
Price / MAexp20: | -0.08% | |
Price / MAexp50: | -0.15% | |
Price / MAexp100: | -0.17% |
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
- GBP/JPY Technical Analysis for January 21, 2020 by FXEmpire
- GBP/JPY Technical Analysis for the week of January 20, 2020 by FXEmpire
- GBP/JPY Technical Analysis for January 20, 2020 by FXEmpire
- GBP/JPY Technical Analysis for January 17, 2020 by FXEmpire
- GBP/JPY Technical Analysis for January 16, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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