GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - Daily - Technical analysis published on 02/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 141.91 JPY

My targets

144.47 JPY (+1.01)

147.40 JPY (+3.94)

My analysis

The bullish trend is currently very strong on GBP/JPY. As long as the price remains above the support at 141.91 JPY, you could try to benefit from the boom. The first bullish objective is located at 144.47 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 147.40 JPY as an objective. Crossing it would then enable buyers to target 152.69 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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 TheFuss. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY rating is 143.46 JPY. The price is lower by -0.01% since the last closing with the lowest point at 143.34 JPY and the highest point at 143.69 JPY. The deviation from the price is +0.08% for the low point and -0.16% for the high point.

143.34

143.69

143.46

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

Technical

A technical analysis in Daily of this GBP/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	134.45	137.57	141.91	143.46	144.47	147.40	152.69
Change (%)	-6.28%	-4.11%	-1.08%	-	+0.70%	+2.75%	+6.43%
Change	-9.01	-5.89	-1.55	-	+1.01	+3.94	+9.23
Level	Major	Major	Major	-	Minor	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.49	142.81	143.14	143.46	143.79	144.11	144.44
Camarilla	143.29	143.35	143.41	143.47	143.53	143.59	143.65
Woodie	142.50	142.81	143.15	143.46	143.80	144.11	144.45
Fibonacci	142.81	143.06	143.21	143.46	143.71	143.86	144.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	139.17	140.23	141.85	142.91	144.53	145.59	147.21
Camarilla	142.74	142.99	143.23	143.48	143.73	143.97	144.22
Woodie	139.46	140.37	142.14	143.05	144.82	145.73	147.50
Fibonacci	140.23	141.25	141.88	142.91	143.93	144.56	145.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	136.22	137.87	140.67	142.32	145.12	146.77	149.57
Camarilla	142.26	142.66	143.07	143.48	143.89	144.30	144.70
Woodie	136.81	138.16	141.26	142.61	145.71	147.06	150.16
Fibonacci	137.87	139.57	140.62	142.32	144.02	145.07	146.77

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):	68.32
MACD (12,26,9):	0.8800
Directional Movement:	12.11
AROON (14):	71.42
DEMA (21):	143.28
Parabolic SAR (0,02-0,02-0,2):	141.88
Elder Ray (13):	0.92
Super Trend (3,10):	140.96
Zig ZAG (10):	143.39
VORTEX (21):	1.2100
Stochastique (14,3,5):	82.49
TEMA (21):	143.53
Williams %R (14):	-17.60
Chande Momentum Oscillator (20):	2.58
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	2.48

MA7:	143.10
MA20:	142.07
MA50:	140.55
MA100:	138.55
MAexp7:	143.08
MAexp20:	142.15
MAexp50:	140.75
MAexp100:	139.44
Price / MA7:	+0.25%
Price / MA20:	+0.98%
Price / MA50:	+2.07%
Price / MA100:	+3.54%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.92%
Price / MAexp50:	+1.93%
Price / MAexp100:	+2.88%

Quotes : 2021-02-03 09:24:32 - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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