GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 04/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 195.83 JPY

My targets

193.97 JPY (-0.53)

192.82 JPY (-1.68)

My analysis

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/JPY as long as the price remains well below 195.83 JPY. The next bearish objective for sellers is set at 193.97 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 192.82 JPY. In case of crossing, the next objective would be the support located at 190.76 JPY.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

3.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY price is 194.50 JPY. The price registered a decrease of -1.67% on the session with the lowest point at 193.61 JPY and the highest point at 200.58 JPY. The deviation from the price is +0.46% for the low point and -3.03% for the high point.

193.61

200.58

194.50

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows an overall slightly bearish trend. 57.14% 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 scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	190.76	192.82	193.97	194.50	195.83	196.63	215.53
Change (%)	-1.92%	-0.86%	-0.27%	-	+0.68%	+1.10%	+10.81%
Change	-3.74	-1.68	-0.53	-	+1.33	+2.13	+21.03
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Minor

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	191.24	192.60	195.21	196.57	199.18	200.54	203.15
Camarilla	196.72	197.08	197.45	197.81	198.17	198.54	198.90
Woodie	191.86	192.91	195.83	196.88	199.80	200.85	203.77
Fibonacci	192.60	194.12	195.06	196.57	198.09	199.03	200.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	185.15	187.74	192.77	195.36	200.39	202.98	208.01
Camarilla	195.72	196.41	197.11	197.81	198.51	199.21	199.91
Woodie	186.38	188.35	194.00	195.97	201.62	203.59	209.24
Fibonacci	187.74	190.65	192.45	195.36	198.27	200.07	202.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	182.57	185.26	188.15	190.84	193.73	196.42	199.31
Camarilla	189.50	190.01	190.52	191.03	191.54	192.05	192.57
Woodie	182.66	185.31	188.24	190.89	193.82	196.47	199.40
Fibonacci	185.26	187.40	188.71	190.84	192.98	194.29	196.42

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):	34.30
MACD (12,26,9):	0.2000
Directional Movement:	-23.52
AROON (14):	-42.86
DEMA (21):	197.43
Parabolic SAR (0,02-0,02-0,2):	200.00
Elder Ray (13):	-1.55
Super Trend (3,10):	199.14
Zig ZAG (10):	194.31
VORTEX (21):	0.9100
Stochastique (14,3,5):	23.50
TEMA (21):	197.05
Williams %R (14):	-98.90
Chande Momentum Oscillator (20):	-3.65
Repulse (5,40,3):	-1.8200
ROCnROLL:	2
TRIX (15,9):	0.0500
Courbe Coppock:	0.14

MA7:	193.54
MA20:	192.44
MA50:	191.19
MA100:	188.12
MAexp7:	196.49
MAexp20:	196.97
MAexp50:	196.03
MAexp100:	194.85
Price / MA7:	+0.50%
Price / MA20:	+1.07%
Price / MA50:	+1.73%
Price / MA100:	+3.39%
Price / MAexp7:	-1.02%
Price / MAexp20:	-1.26%
Price / MAexp50:	-0.79%
Price / MAexp100:	-0.19%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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