GBP/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

39%

50%

My opinion

Bullish above 195.83 JPY

My targets

197.04 JPY (+0.42)

197.81 JPY (+1.19)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/JPY. As long as you are above the support located at 195.83 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 197.04 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 197.81 JPY as an objective. Crossing it would then enable buyers to target 215.53 JPY. If the support 195.83 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

2.3

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 196.62 JPY. The price registered a decrease of -0.17% on the session and was traded between 196.48 JPY and 197.09 JPY over the period. The price is currently at +0.07% from its lowest and -0.24% from its highest.

196.48

197.09

196.62

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

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	194.76	195.83	196.62	197.04	197.81	215.53
Change (%)	-1.88%	-0.95%	-0.40%	-	+0.21%	+0.61%	+9.62%
Change	-3.70	-1.86	-0.79	-	+0.42	+1.19	+18.91
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	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	194.76	195.24	196.10	196.58	197.44	197.92	198.78
Camarilla	196.59	196.71	196.84	196.96	197.08	197.21	197.33
Woodie	194.95	195.34	196.29	196.68	197.63	198.02	198.97
Fibonacci	195.24	195.75	196.07	196.58	197.09	197.41	197.92

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):	43.46
MACD (12,26,9):	0.1200
Directional Movement:	-6.91
AROON (14):	-35.71
DEMA (21):	196.98
Parabolic SAR (0,02-0,02-0,2):	197.08
Elder Ray (13):	-0.16
Super Trend (3,10):	196.53
Zig ZAG (10):	196.56
VORTEX (21):	1.0900
Stochastique (14,3,5):	21.87
TEMA (21):	196.88
Williams %R (14):	-81.97
Chande Momentum Oscillator (20):	-0.40
Repulse (5,40,3):	-0.1800
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.00

MA7:	195.31
MA20:	194.34
MA50:	192.29
MA100:	189.73
MAexp7:	196.82
MAexp20:	196.78
MAexp50:	196.38
MAexp100:	195.81
Price / MA7:	+0.67%
Price / MA20:	+1.17%
Price / MA50:	+2.25%
Price / MA100:	+3.63%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.08%
Price / MAexp50:	+0.12%
Price / MAexp100:	+0.41%

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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