Londinia Opportunities Analyses - 06/17/2021 (GMT) GBP/JPY - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 153.45 JPY
My targets
152.94 JPY (-0.31)
152.43 JPY (-0.82)
My analysis
GBP/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 153.45 JPY. The next support located at 152.94 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 152.43 JPY. Below this support, sellers could then target 149.44 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
GBP/JPY rating 153.25 JPY. On the day, this instrument lost -1.10% and was traded between 153.14 JPY and 155.02 JPY over the period. The price is currently at +0.07% from its lowest and -1.14% from its highest.153.14
155.02
153.25
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 141.91 | 147.40 | 149.44 | 153.25 | 153.45 | 154.13 | 154.32 |
| Change (%) | -7.40% | -3.82% | -2.49% | - | +0.13% | +0.57% | +0.70% |
| Change | -11.34 | -5.85 | -3.81 | - | +0.20 | +0.88 | +1.07 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 153.93 | 154.30 | 154.63 | 155.00 | 155.33 | 155.70 | 156.03 |
| Camarilla | 154.76 | 154.82 | 154.89 | 154.95 | 155.01 | 155.08 | 155.14 |
| Woodie | 153.90 | 154.29 | 154.60 | 154.99 | 155.30 | 155.69 | 156.00 |
| Fibonacci | 154.30 | 154.57 | 154.74 | 155.00 | 155.27 | 155.44 | 155.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.94 | 153.54 | 154.13 | 154.73 | 155.32 | 155.92 | 156.51 |
| Camarilla | 154.40 | 154.51 | 154.62 | 154.73 | 154.84 | 154.95 | 155.06 |
| Woodie | 152.95 | 153.54 | 154.14 | 154.73 | 155.33 | 155.92 | 156.52 |
| Fibonacci | 153.54 | 153.99 | 154.27 | 154.73 | 155.18 | 155.46 | 155.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.26 | 149.09 | 152.43 | 154.26 | 157.60 | 159.43 | 162.77 |
| Camarilla | 154.36 | 154.83 | 155.31 | 155.78 | 156.25 | 156.73 | 157.20 |
| Woodie | 148.03 | 149.47 | 153.20 | 154.64 | 158.37 | 159.81 | 163.54 |
| Fibonacci | 149.09 | 151.06 | 152.28 | 154.26 | 156.23 | 157.45 | 159.43 |
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): | 20.39 | |
| MACD (12,26,9): | -0.3600 | |
| Directional Movement: | -34.83 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 153.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.57 | |
| Elder Ray (13): | -0.75 | |
| Super Trend (3,10): | 154.24 | |
| Zig ZAG (10): | 153.19 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 2.20 | |
| TEMA (21): | 153.64 | |
| Williams %R (14): | -94.68 | |
| Chande Momentum Oscillator (20): | -1.70 | |
| Repulse (5,40,3): | -0.5500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.30 |
| MA7: | 154.70 | |
| MA20: | 154.88 | |
| MA50: | 153.05 | |
| MA100: | 150.98 | |
| MAexp7: | 153.82 | |
| MAexp20: | 154.33 | |
| MAexp50: | 154.68 | |
| MAexp100: | 154.83 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +1.50% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -0.92% | |
| Price / MAexp100: | -1.02% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
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GBP/JPY Technical Analysis for June 18, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for June 17, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for June 16, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for June 15, 2021 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of June 14, 2021 by FXEmpire