GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

56%

My opinion

Bullish above 195.83 JPY

My targets

197.35 JPY (+0.26)

200.39 JPY (+3.30)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 195.83 JPY. The buyers' bullish objective is set at 197.35 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 200.39 JPY. If there is any crossing, the next objective would be the resistance located at 200.58 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 197.09 JPY. The price registered an increase of +0.04% on the session and was traded between 196.86 JPY and 197.43 JPY over the period. The price is currently at +0.12% from its lowest and -0.17% from its highest.

196.86

197.43

197.09

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	192.92	194.94	195.83	197.09	197.35	200.58	215.53
Change (%)	-2.12%	-1.09%	-0.64%	-	+0.13%	+1.77%	+9.36%
Change	-4.17	-2.15	-1.26	-	+0.26	+3.49	+18.44
Level	Intermediate	Minor	Minor	-	Intermediate	Minor	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	195.02	195.57	196.29	196.84	197.56	198.11	198.83
Camarilla	196.67	196.79	196.90	197.02	197.14	197.25	197.37
Woodie	195.12	195.61	196.39	196.88	197.66	198.15	198.93
Fibonacci	195.57	196.05	196.35	196.84	197.32	197.62	198.11

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	180.56	185.27	191.15	195.86	201.74	206.45	212.33
Camarilla	194.11	195.08	196.05	197.02	197.99	198.96	199.93
Woodie	181.14	185.56	191.73	196.15	202.32	206.74	212.91
Fibonacci	185.27	189.32	191.82	195.86	199.91	202.41	206.45

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):	52.84
MACD (12,26,9):	0.0900
Directional Movement:	1.53
AROON (14):	21.43
DEMA (21):	197.19
Parabolic SAR (0,02-0,02-0,2):	196.94
Elder Ray (13):	0
Super Trend (3,10):	197.60
Zig ZAG (10):	197.10
VORTEX (21):	1.0200
Stochastique (14,3,5):	48.54
TEMA (21):	197.19
Williams %R (14):	-43.86
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.09

MA7:	195.58
MA20:	193.13
MA50:	191.53
MA100:	188.43
MAexp7:	197.13
MAexp20:	197.06
MAexp50:	196.80
MAexp100:	196.14
Price / MA7:	+0.77%
Price / MA20:	+2.05%
Price / MA50:	+2.90%
Price / MA100:	+4.60%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.15%
Price / MAexp100:	+0.48%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news was as follows:

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

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