GBP/JPY - 1H - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 133.41 JPY
My targets
134.45 JPY (+0.66)
137.02 JPY (+3.23)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/JPY. As long as you are above the support located at 133.41 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 134.45 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 137.02 JPY as an objective. Crossing it would then enable buyers to target 139.39 JPY. If the support 133.41 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
2.7
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Additional analysis
Quotes
GBP/JPY rating 133.79 JPY. The price registered an increase of +0.09% on the session and was traded between 133.07 JPY and 134.62 JPY over the period. The price is currently at +0.54% from its lowest and -0.62% from its highest.133.07
134.62
133.79
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
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of GBP/JPY in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 130.15 | 132.08 | 133.41 | 133.79 | 134.45 | 139.39 | 144.15 |
| Change (%) | -2.72% | -1.28% | -0.28% | - | +0.49% | +4.19% | +7.74% |
| Change | -3.64 | -1.71 | -0.38 | - | +0.66 | +5.60 | +10.36 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.86 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -6.85 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 133.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 134.55 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 132.96 | |
| Zig ZAG (10): | 133.78 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 31.89 | |
| TEMA (21): | 133.85 | |
| Williams %R (14): | -60.43 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.30 |
| MA7: | 132.26 | |
| MA20: | 132.54 | |
| MA50: | 138.39 | |
| MA100: | 140.38 | |
| MAexp7: | 133.82 | |
| MAexp20: | 133.82 | |
| MAexp50: | 133.63 | |
| MAexp100: | 132.99 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | -3.32% | |
| Price / MA100: | -4.69% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.60% |
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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