GBP/JPY - 15 min. - Technical analysis published on 03/29/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 191.00 JPY
My targets
191.45 JPY (+0.32)
191.77 JPY (+0.64)
My analysis
GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 191.00 JPY. The next resistance located at 191.45 JPY is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 191.77 JPY. After this resistance, buyers could then target 192.22 JPY.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 191.13 JPY. The price registered an increase of +0.01% on the session and was between 190.77 JPY and 191.21 JPY. This implies that the price is at +0.19% from its lowest and at -0.04% from its highest.190.77
191.21
191.13
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
A technical analysis in 15 min. of this GBP/JPY chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 189.65 | 190.36 | 190.95 | 191.13 | 191.68 | 192.35 | 192.92 |
| Change (%) | -0.77% | -0.40% | -0.09% | - | +0.29% | +0.64% | +0.94% |
| Change | -1.48 | -0.77 | -0.18 | - | +0.55 | +1.22 | +1.79 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 189.91 | 190.23 | 190.68 | 191.00 | 191.45 | 191.77 | 192.22 |
| Camarilla | 190.91 | 190.98 | 191.05 | 191.12 | 191.19 | 191.26 | 191.33 |
| Woodie | 189.97 | 190.26 | 190.74 | 191.03 | 191.51 | 191.80 | 192.28 |
| Fibonacci | 190.23 | 190.53 | 190.71 | 191.00 | 191.30 | 191.48 | 191.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.02 | 187.28 | 189.03 | 191.29 | 193.04 | 195.30 | 197.05 |
| Camarilla | 189.69 | 190.06 | 190.42 | 190.79 | 191.16 | 191.53 | 191.89 |
| Woodie | 184.78 | 187.15 | 188.79 | 191.16 | 192.80 | 195.17 | 196.81 |
| Fibonacci | 187.28 | 188.81 | 189.76 | 191.29 | 192.82 | 193.77 | 195.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 179.95 | 182.59 | 186.04 | 188.68 | 192.13 | 194.77 | 198.22 |
| Camarilla | 187.82 | 188.37 | 188.93 | 189.49 | 190.05 | 190.61 | 191.17 |
| Woodie | 180.36 | 182.79 | 186.45 | 188.88 | 192.54 | 194.97 | 198.63 |
| Fibonacci | 182.59 | 184.92 | 186.35 | 188.68 | 191.01 | 192.44 | 194.77 |
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): | 53.35 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 9.91 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 190.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 190.78 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 191.06 | |
| Zig ZAG (10): | 190.99 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 79.17 | |
| TEMA (21): | 190.95 | |
| Williams %R (14): | -28.13 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.05 |
| MA7: | 191.19 | |
| MA20: | 190.40 | |
| MA50: | 189.35 | |
| MA100: | 186.85 | |
| MAexp7: | 190.98 | |
| MAexp20: | 190.95 | |
| MAexp50: | 190.98 | |
| MAexp100: | 191.00 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | +0.94% | |
| Price / MA100: | +2.29% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.07% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/JPY at the time of the generation of this analysis was as follows:
-
Technical Analysis: 22/03/2024 - GBPJPY plummets from 8½-year high
-
Technical Analysis: 15/03/2024 - GBPJPY ticks up from rising trend line
-
Technical Analysis: 01/03/2024 - Will GBPJPY rebound again?
-
Technical Analysis: 09/02/2024 - GBPJPY works towards uptrend resumption
-
Pound/Yen Today: How to Capitalize on the Volatility of GBP/JPY | GBP/JPY Forecast February 6, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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