GBP/JPY - 15 min. - Technical analysis published on 03/11/2020 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
44%
11%
My opinion
Bearish under 135.61 JPY
My targets
134.01 JPY (-0.90)
132.45 JPY (-2.46)
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 135.61 JPY. The next support located at 134.01 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 132.45 JPY. Below this support, sellers could then target 130.85 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 not called into question, despite technical indicators being neutral.
FORCE
0
10
6.1
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This analysis was given by dbranez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 134.91 JPY. The price is lower by -0.49% since the last closing and was traded between 134.01 JPY and 135.78 JPY over the period. The price is currently at +0.67% from its lowest and -0.64% from its highest.134.01
135.78
134.91
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 2 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Long black line
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 130.12 | 132.58 | 134.45 | 134.91 | 136.99 | 137.97 | 138.68 |
| Change (%) | -3.55% | -1.73% | -0.34% | - | +1.54% | +2.27% | +2.79% |
| Change | -4.79 | -2.33 | -0.46 | - | +2.08 | +3.06 | +3.77 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 130.85 | 132.45 | 134.01 | 135.61 | 137.17 | 138.77 | 140.33 |
| Camarilla | 134.70 | 134.99 | 135.28 | 135.57 | 135.86 | 136.15 | 136.44 |
| Woodie | 130.83 | 132.44 | 133.99 | 135.60 | 137.15 | 138.76 | 140.31 |
| Fibonacci | 132.45 | 133.66 | 134.40 | 135.61 | 136.82 | 137.56 | 138.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.49 | 134.96 | 136.24 | 137.71 | 138.99 | 140.46 | 141.74 |
| Camarilla | 136.75 | 137.01 | 137.26 | 137.51 | 137.76 | 138.01 | 138.27 |
| Woodie | 133.39 | 134.91 | 136.14 | 137.66 | 138.89 | 140.41 | 141.64 |
| Fibonacci | 134.96 | 136.01 | 136.66 | 137.71 | 138.76 | 139.41 | 140.46 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.11 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -23.00 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 134.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.21 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 135.45 | |
| Zig ZAG (10): | 134.76 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 55.73 | |
| TEMA (21): | 134.77 | |
| Williams %R (14): | -42.75 | |
| Chande Momentum Oscillator (20): | -0.42 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.64 |
| MA7: | 136.59 | |
| MA20: | 140.42 | |
| MA50: | 141.77 | |
| MA100: | 141.66 | |
| MAexp7: | 134.90 | |
| MAexp20: | 135.04 | |
| MAexp50: | 135.26 | |
| MAexp100: | 135.35 | |
| Price / MA7: | -1.23% | |
| Price / MA20: | -3.92% | |
| Price / MA50: | -4.84% | |
| Price / MA100: | -4.76% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.33% |
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
-
GBP/JPY Technical Analysis for March 11, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for March 10, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of March 9, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for March 9, 2020 by FXEmpire
-
GBP/JPY Technical Analysis for March 6, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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