GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 02/24/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 148.29 JPY
My targets
149.88 JPY (+0.54)
151.61 JPY (+2.27)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 148.29 JPY. The buyers” bullish objective is set at 149.88 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 151.61 JPY. If there is any crossing, the next objective would be the resistance located at 152.69 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 149.34 JPY. The price registered an increase of +0.45% on the session and was traded between 148.64 JPY and 150.12 JPY over the period. The price is currently at +0.47% from its lowest and -0.52% from its highest.

148.64
150.12
149.34

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 146.87 147.40 148.29 149.34 152.69 156.07 195.62
Change (%) -1.65% -1.30% -0.70% - +2.24% +4.51% +30.99%
Change -2.47 -1.94 -1.05 - +3.35 +6.73 +46.28
Level Minor Major Intermediate - Minor Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard146.97147.32147.99148.34149.01149.36150.03
Camarilla148.39148.48148.58148.67148.76148.86148.95
Woodie147.14147.40148.16148.42149.18149.44150.20
Fibonacci147.32147.71147.95148.34148.73148.97149.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard143.18144.26145.99147.07148.80149.88151.61
Camarilla146.94147.20147.45147.71147.97148.23148.48
Woodie143.50144.42146.31147.23149.12150.04151.93
Fibonacci144.26145.34146.00147.07148.15148.81149.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard136.22137.87140.67142.32145.12146.77149.57
Camarilla142.26142.66143.07143.48143.89144.30144.70
Woodie136.81138.16141.26142.61145.71147.06150.16
Fibonacci137.87139.57140.62142.32144.02145.07146.77

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): 57.45
MACD (12,26,9): 0.2800
Directional Movement: 8.64
AROON (14): -50.00
DEMA (21): 149.72
Parabolic SAR (0,02-0,02-0,2): 150.05
Elder Ray (13): -0.12
Super Trend (3,10): 148.97
Zig ZAG (10): 149.38
VORTEX (21): 1.1300
Stochastique (14,3,5): 36.28
TEMA (21): 149.72
Williams %R (14): -81.33
Chande Momentum Oscillator (20): -0.05
Repulse (5,40,3): -0.1400
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.60
MA7: 147.88
MA20: 145.58
MA50: 142.68
MA100: 140.18
MAexp7: 149.51
MAexp20: 149.32
MAexp50: 148.79
MAexp100: 148.25
Price / MA7: +0.99%
Price / MA20: +2.58%
Price / MA50: +4.67%
Price / MA100: +6.53%
Price / MAexp7: -0.11%
Price / MAexp20: +0.01%
Price / MAexp50: +0.37%
Price / MAexp100: +0.74%

Quotes : 2021-02-24 16:55:08 - Real time data - Forex

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

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