GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 194.86 JPY

My targets

195.83 JPY (+0.70)

196.56 JPY (+1.43)

My analysis

GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 194.86 JPY. The next resistance located at 195.83 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 196.56 JPY. After this resistance, buyers could then target 197.81 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 price is 195.13 JPY. The price has increased by +0.26% since the last closing and was traded between 194.60 JPY and 195.32 JPY over the period. The price is currently at +0.27% from its lowest and -0.10% from its highest.

194.60

195.32

195.13

Here is a more detailed summary of the historical variations registered by GBP/JPY:

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

Near a 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

Technical analysis of GBP/JPY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	192.99	194.10	194.86	195.13	195.83	196.56	197.81
Change (%)	-1.10%	-0.53%	-0.14%	-	+0.36%	+0.73%	+1.37%
Change	-2.14	-1.03	-0.27	-	+0.70	+1.43	+2.68
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	192.99	193.42	194.02	194.45	195.05	195.48	196.08
Camarilla	194.35	194.44	194.54	194.63	194.72	194.82	194.91
Woodie	193.09	193.46	194.12	194.49	195.15	195.52	196.18
Fibonacci	193.42	193.81	194.05	194.45	194.84	195.08	195.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	179.50	185.43	188.72	194.65	197.94	203.87	207.16
Camarilla	189.48	190.32	191.17	192.01	192.86	193.70	194.55
Woodie	178.18	184.77	187.40	193.99	196.62	203.21	205.84
Fibonacci	185.43	188.95	191.13	194.65	198.17	200.35	203.87

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):	65.82
MACD (12,26,9):	0.1700
Directional Movement:	10.91
AROON (14):	57.14
DEMA (21):	195.07
Parabolic SAR (0,02-0,02-0,2):	194.62
Elder Ray (13):	0.21
Super Trend (3,10):	194.53
Zig ZAG (10):	195.15
VORTEX (21):	1.1900
Stochastique (14,3,5):	76.98
TEMA (21):	195.10
Williams %R (14):	-23.81
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.38

MA7:	193.60
MA20:	193.68
MA50:	191.93
MA100:	189.26
MAexp7:	195.04
MAexp20:	194.85
MAexp50:	194.54
MAexp100:	194.29
Price / MA7:	+0.79%
Price / MA20:	+0.75%
Price / MA50:	+1.67%
Price / MA100:	+3.10%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.43%

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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