GBP/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - Daily - Technical analysis published on 04/20/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

22%

My opinion

Bullish above 148.92 JPY

My targets

152.69 JPY (+1.01)

156.17 JPY (+4.49)

My analysis

The bullish trend is currently very strong on GBP/JPY. As long as the price remains above the support at 148.92 JPY, you could try to benefit from the boom. The first bullish objective is located at 152.69 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 156.17 JPY as an objective. Crossing it would then enable buyers to target 195.62 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

7.1

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

Additional analysis

Quotes

The GBP/JPY price is 151.68 JPY. The price registered an increase of +0.28% on the session and was between 151.09 JPY and 151.99 JPY. This implies that the price is at +0.39% from its lowest and at -0.20% from its highest.

151.09

151.99

151.68

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in Daily 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 detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

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

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	141.91	147.40	148.92	151.68	152.69	156.17	195.62
Change (%)	-6.44%	-2.82%	-1.82%	-	+0.67%	+2.96%	+28.97%
Change	-9.77	-4.28	-2.76	-	+1.01	+4.49	+43.94
Level	Major	Intermediate	Minor	-	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	148.88	149.38	150.32	150.82	151.76	152.26	153.20
Camarilla	150.85	150.99	151.12	151.25	151.38	151.51	151.65
Woodie	149.09	149.49	150.53	150.93	151.97	152.37	153.41
Fibonacci	149.38	149.93	150.27	150.82	151.37	151.71	152.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	148.26	148.83	149.71	150.28	151.16	151.73	152.61
Camarilla	150.20	150.33	150.47	150.60	150.73	150.87	151.00
Woodie	148.43	148.91	149.88	150.36	151.33	151.81	152.78
Fibonacci	148.83	149.38	149.72	150.28	150.83	151.17	151.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	144.92	146.51	149.60	151.19	154.28	155.87	158.96
Camarilla	151.39	151.82	152.25	152.68	153.11	153.54	153.97
Woodie	145.66	146.89	150.34	151.57	155.02	156.25	159.70
Fibonacci	146.51	148.30	149.41	151.19	152.98	154.09	155.87

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.76
MACD (12,26,9):	0.2300
Directional Movement:	9.08
AROON (14):	-57.14
DEMA (21):	151.32
Parabolic SAR (0,02-0,02-0,2):	152.05
Elder Ray (13):	0.62
Super Trend (3,10):	153.02
Zig ZAG (10):	151.85
VORTEX (21):	1.0400
Stochastique (14,3,5):	45.66
TEMA (21):	150.67
Williams %R (14):	-38.46
Chande Momentum Oscillator (20):	-1.21
Repulse (5,40,3):	1.3800
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.27

MA7:	150.55
MA20:	151.11
MA50:	149.95
MA100:	145.45
MAexp7:	150.93
MAexp20:	150.84
MAexp50:	149.33
MAexp100:	146.44
Price / MA7:	+0.75%
Price / MA20:	+0.38%
Price / MA50:	+1.15%
Price / MA100:	+4.28%
Price / MAexp7:	+0.50%
Price / MAexp20:	+0.56%
Price / MAexp50:	+1.57%
Price / MAexp100:	+3.58%

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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