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 05/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 194.94 JPY

My targets

192.92 JPY (-1.43)

191.36 JPY (-2.99)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 194.94 JPY. The sellers' bearish objective is set at 192.92 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 191.36 JPY. In case of crossing, the next objective would be the support located at 188.33 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.4

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 rating is 194.35 JPY. On the day, this instrument lost -0.45% and was traded between 194.06 JPY and 195.76 JPY over the period. The price is currently at +0.15% from its lowest and -0.72% from its highest.

194.06

195.76

194.35

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

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 1H of this GBP/JPY chart shows a sharp bearish trend. 89.29% 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	188.33	191.36	192.92	194.35	194.94	195.83	197.41
Change (%)	-3.10%	-1.54%	-0.74%	-	+0.30%	+0.76%	+1.57%
Change	-6.02	-2.99	-1.43	-	+0.59	+1.48	+3.06
Level	Major	Minor	Intermediate	-	Minor	Intermediate	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	186.56	189.18	192.20	194.82	197.84	200.46	203.48
Camarilla	193.68	194.20	194.71	195.23	195.75	196.26	196.78
Woodie	186.77	189.28	192.41	194.92	198.05	200.56	203.69
Fibonacci	189.18	191.33	192.66	194.82	196.97	198.30	200.46

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.87
MACD (12,26,9):	-0.5600
Directional Movement:	-27.46
AROON (14):	-7.14
DEMA (21):	194.65
Parabolic SAR (0,02-0,02-0,2):	195.19
Elder Ray (13):	-0.79
Super Trend (3,10):	196.17
Zig ZAG (10):	194.33
VORTEX (21):	0.8200
Stochastique (14,3,5):	50.26
TEMA (21):	194.35
Williams %R (14):	-50.87
Chande Momentum Oscillator (20):	1.08
Repulse (5,40,3):	-0.2300
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	1.37

MA7:	195.54
MA20:	193.19
MA50:	191.57
MA100:	188.52
MAexp7:	194.73
MAexp20:	195.34
MAexp50:	195.96
MAexp100:	195.88
Price / MA7:	-0.61%
Price / MA20:	+0.60%
Price / MA50:	+1.45%
Price / MA100:	+3.09%
Price / MAexp7:	-0.20%
Price / MAexp20:	-0.51%
Price / MAexp50:	-0.82%
Price / MAexp100:	-0.78%

Quotes : - Real time data - Forex

News

The last news published on GBP/JPY at the time of the generation of this analysis was as follows:

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

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