GBP/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/14/2024 (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

83%

17%

My opinion

Bullish above 195.83 JPY

My targets

197.81 JPY (+1.37)

200.08 JPY (+3.64)

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 195.83 JPY. The next resistance located at 197.81 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 200.08 JPY. After this resistance, buyers could then target 215.53 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.

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

8.8

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 196.44 JPY. The price registered an increase of +0.11% on the session with the lowest point at 196.19 JPY and the highest point at 196.46 JPY. The deviation from the price is +0.13% for the low point and -0.01% for the high point.

196.19

196.46

196.44

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	194.85	195.83	196.28	196.44	197.81	215.53
Change (%)	-0.81%	-0.31%	-0.08%	-	+0.70%	+9.72%
Change	-1.59	-0.61	-0.16	-	+1.37	+19.09
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	193.69	194.22	195.22	195.75	196.75	197.28	198.28
Camarilla	195.80	195.94	196.08	196.22	196.36	196.50	196.64
Woodie	193.93	194.34	195.46	195.87	196.99	197.40	198.52
Fibonacci	194.22	194.80	195.17	195.75	196.33	196.70	197.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	189.10	190.39	192.76	194.05	196.42	197.71	200.08
Camarilla	194.11	194.45	194.79	195.12	195.46	195.79	196.13
Woodie	189.63	190.66	193.29	194.32	196.95	197.98	200.61
Fibonacci	190.39	191.79	192.66	194.05	195.45	196.32	197.71

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	79.31
MACD (12,26,9):	0.2900
Directional Movement:	21.04
AROON (14):	100.00
DEMA (21):	196.32
Parabolic SAR (0,02-0,02-0,2):	196.00
Elder Ray (13):	0.27
Super Trend (3,10):	195.80
Zig ZAG (10):	196.40
VORTEX (21):	1.2800
Stochastique (14,3,5):	92.90
TEMA (21):	196.42
Williams %R (14):	-6.00
Chande Momentum Oscillator (20):	0.58
Repulse (5,40,3):	0.1200
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.82

MA7:	194.81
MA20:	194.09
MA50:	192.15
MA100:	189.58
MAexp7:	196.23
MAexp20:	195.94
MAexp50:	195.48
MAexp100:	195.06
Price / MA7:	+0.84%
Price / MA20:	+1.21%
Price / MA50:	+2.23%
Price / MA100:	+3.62%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.49%
Price / MAexp100:	+0.71%

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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