GBP/JPY - 15 min. - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 134.47 JPY
My targets
133.62 JPY (-0.19)
132.81 JPY (-1.00)
My analysis
The strong short-term decline of GBP/JPY reinforces the current slightly bearish trend. As long as the price remains below 134.47 JPY, you could take advantage of this bearish acceleration. The first bearish objective is located at 133.62 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 132.81 JPY as an objective. Crossing it would then enable sellers to target 131.96 JPY. A return to above 134.47 JPY would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
2
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Additional analysis
Quotes
GBP/JPY rating 133.81 JPY. The price registered an increase of +0.11% on the session with the lowest point at 133.07 JPY and the highest point at 134.62 JPY. The deviation from the price is +0.56% for the low point and -0.60% for the high point.133.07
134.62
133.81
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 15 min. chart of GBP/JPY indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
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 | 130.15 | 132.08 | 133.41 | 133.81 | 134.45 | 139.39 | 144.15 |
| Change (%) | -2.74% | -1.29% | -0.30% | - | +0.48% | +4.17% | +7.73% |
| Change | -3.66 | -1.73 | -0.40 | - | +0.64 | +5.58 | +10.34 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | 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 | 131.15 | 131.96 | 132.81 | 133.62 | 134.47 | 135.28 | 136.13 |
| Camarilla | 133.21 | 133.37 | 133.52 | 133.67 | 133.82 | 133.97 | 134.13 |
| Woodie | 131.18 | 131.97 | 132.84 | 133.63 | 134.50 | 135.29 | 136.16 |
| Fibonacci | 131.96 | 132.59 | 132.98 | 133.62 | 134.25 | 134.64 | 135.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.20 | 124.78 | 129.61 | 132.19 | 137.02 | 139.60 | 144.43 |
| Camarilla | 132.40 | 133.08 | 133.76 | 134.44 | 135.12 | 135.80 | 136.48 |
| Woodie | 123.33 | 125.34 | 130.74 | 132.75 | 138.15 | 140.16 | 145.56 |
| Fibonacci | 124.78 | 127.61 | 129.36 | 132.19 | 135.02 | 136.77 | 139.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.32 | 132.92 | 135.75 | 140.35 | 143.18 | 147.78 | 150.61 |
| Camarilla | 136.53 | 137.21 | 137.89 | 138.57 | 139.25 | 139.93 | 140.61 |
| Woodie | 127.43 | 132.48 | 134.86 | 139.91 | 142.29 | 147.34 | 149.72 |
| Fibonacci | 132.92 | 135.76 | 137.52 | 140.35 | 143.19 | 144.95 | 147.78 |
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): | 47.67 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -5.13 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 133.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 134.06 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 134.22 | |
| Zig ZAG (10): | 133.79 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 40.65 | |
| TEMA (21): | 133.58 | |
| Williams %R (14): | -46.88 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.83 |
| MA7: | 132.26 | |
| MA20: | 132.54 | |
| MA50: | 138.39 | |
| MA100: | 140.38 | |
| MAexp7: | 133.68 | |
| MAexp20: | 133.82 | |
| MAexp50: | 133.87 | |
| MAexp100: | 133.82 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | -3.31% | |
| Price / MA100: | -4.68% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.01% |
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 March 31, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of March 30, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for March 30, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for March 27, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for March 26, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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