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GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 05/03/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 192.92 JPY
My targets
190.83 JPY (-1.12)
188.33 JPY (-3.62)
My analysis
GBP/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 192.92 JPY. The next support located at 190.83 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 188.33 JPY. Below this support, sellers could then target 183.54 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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
0
10
7.7

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.

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

Additional analysis

Quotes

The GBP/JPY price is 191.95 JPY. The price registered a decrease of -0.04% on the session with the lowest point at 191.75 JPY and the highest point at 192.38 JPY. The deviation from the price is +0.10% for the low point and -0.22% for the high point.

191.75
192.38
191.95

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 188.33 190.83 191.81 191.95 192.92 194.91 195.83
Change (%) -1.89% -0.58% -0.07% - +0.51% +1.54% +2.02%
Change -3.62 -1.12 -0.14 - +0.97 +2.96 +3.88
Level Major Minor Major - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard186.54189.13190.58193.17194.62197.21198.66
Camarilla190.92191.29191.66192.03192.40192.77193.14
Woodie185.97188.85190.01192.89194.05196.93198.09
Fibonacci189.13190.67191.63193.17194.71195.67197.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard185.15187.74192.77195.36200.39202.98208.01
Camarilla195.72196.41197.11197.81198.51199.21199.91
Woodie186.38188.35194.00195.97201.62203.59209.24
Fibonacci187.74190.65192.45195.36198.27200.07202.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard180.56185.27191.15195.86201.74206.45212.33
Camarilla194.11195.08196.05197.02197.99198.96199.93
Woodie181.14185.56191.73196.15202.32206.74212.91
Fibonacci185.27189.32191.82195.86199.91202.41206.45

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 30.51
MACD (12,26,9): -0.8400
Directional Movement: -22.17
AROON (14): -78.57
DEMA (21): 191.72
Parabolic SAR (0,02-0,02-0,2): 193.37
Elder Ray (13): -0.48
Super Trend (3,10): 193.47
Zig ZAG (10): 191.97
VORTEX (21): 0.7100
Stochastique (14,3,5): 13.21
TEMA (21): 191.58
Williams %R (14): -83.78
Chande Momentum Oscillator (20): -0.38
Repulse (5,40,3): -0.0500
ROCnROLL: 2
TRIX (15,9): -0.0700
Courbe Coppock: 1.63
MA7: 194.99
MA20: 193.09
MA50: 191.55
MA100: 188.62
MAexp7: 192.10
MAexp20: 192.86
MAexp50: 194.21
MAexp100: 194.89
Price / MA7: -1.56%
Price / MA20: -0.59%
Price / MA50: +0.21%
Price / MA100: +1.77%
Price / MAexp7: -0.08%
Price / MAexp20: -0.47%
Price / MAexp50: -1.16%
Price / MAexp100: -1.51%

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.

About author

Londinia
Londinia AI

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