GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/16/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

67%

33%

My opinion

Neutral between 195.83 JPY and 196.58 JPY

My targets

My analysis

A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 196.58 JPY. The first support is located at 195.83 JPY. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 196.10 JPY. The price has increased by +0.16% since the last closing and was traded between 195.04 JPY and 196.21 JPY over the period. The price is currently at +0.54% from its lowest and -0.06% from its highest.

195.04

196.21

196.10

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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	194.78	195.34	195.83	196.10	196.58	197.08	197.81
Change (%)	-0.67%	-0.39%	-0.14%	-	+0.24%	+0.50%	+0.87%
Change	-1.32	-0.76	-0.27	-	+0.48	+0.98	+1.71
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	193.85	194.76	195.27	196.18	196.69	197.60	198.11
Camarilla	195.39	195.52	195.65	195.78	195.91	196.04	196.17
Woodie	193.65	194.66	195.07	196.08	196.49	197.50	197.91
Fibonacci	194.76	195.30	195.64	196.18	196.72	197.06	197.60

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

Technical indicators

Moving averages

RSI (14):	51.81
MACD (12,26,9):	-0.1300
Directional Movement:	-1.54
AROON (14):	-28.57
DEMA (21):	195.75
Parabolic SAR (0,02-0,02-0,2):	195.11
Elder Ray (13):	0.17
Super Trend (3,10):	196.46
Zig ZAG (10):	196.11
VORTEX (21):	0.9400
Stochastique (14,3,5):	67.61
TEMA (21):	195.72
Williams %R (14):	-21.05
Chande Momentum Oscillator (20):	0.31
Repulse (5,40,3):	0.1200
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.37

MA7:	195.55
MA20:	194.49
MA50:	192.41
MA100:	189.88
MAexp7:	195.90
MAexp20:	195.95
MAexp50:	196.10
MAexp100:	195.87
Price / MA7:	+0.28%
Price / MA20:	+0.83%
Price / MA50:	+1.92%
Price / MA100:	+3.28%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.08%
Price / MAexp50:	-0%
Price / MAexp100:	+0.12%

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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