GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
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GBP/JPY - 1H - Technical analysis published on 04/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 195.83 JPY

My targets

200.39 JPY (+3.72)

202.98 JPY (+6.31)

My analysis

The basic bullish trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 195.83 JPY. Crossing the first resistance at 200.39 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 202.98 JPY as an objective. Crossing it would then enable buyers to target 215.53 JPY. Caution, a return to below 195.83 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.6

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 rating is 196.67 JPY. The price is lower by -0.58% since the last closing with the lowest point at 193.61 JPY and the highest point at 200.58 JPY. The deviation from the price is +1.58% for the low point and -1.95% for the high point.

193.61

200.58

196.67

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	193.97	195.83	196.63	196.67	215.53
Change (%)	-1.37%	-0.43%	-0.02%	-	+9.59%
Change	-2.70	-0.84	-0.04	-	+18.86
Level	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.39
MACD (12,26,9):	-0.1000
Directional Movement:	-9.41
AROON (14):	-42.86
DEMA (21):	196.43
Parabolic SAR (0,02-0,02-0,2):	197.50
Elder Ray (13):	0.23
Super Trend (3,10):	198.68
Zig ZAG (10):	196.68
VORTEX (21):	0.9600
Stochastique (14,3,5):	43.29
TEMA (21):	195.99
Williams %R (14):	-50.16
Chande Momentum Oscillator (20):	-2.89
Repulse (5,40,3):	0.4700
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.06

MA7:	193.97
MA20:	192.56
MA50:	191.24
MA100:	188.14
MAexp7:	196.28
MAexp20:	196.46
MAexp50:	196.02
MAexp100:	195.02
Price / MA7:	+1.39%
Price / MA20:	+2.13%
Price / MA50:	+2.84%
Price / MA100:	+4.53%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.33%
Price / MAexp100:	+0.85%

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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