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 08/11/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 152.62 JPY
My targets
153.45 JPY (+0.37)
154.53 JPY (+1.45)
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 152.62 JPY. The buyers' bullish objective is set at 153.45 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 154.53 JPY. If there is any crossing, the next objective would be the resistance located at 156.17 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/JPY rating 153.08 JPY. The price has increased by +0.04% since the last closing and was traded between 152.92 JPY and 153.14 JPY over the period. The price is currently at +0.10% from its lowest and -0.04% from its highest.

152.92
153.14
153.08

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:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

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 89.29% 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 currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 152.21 152.62 153.07 153.08 153.45 156.17 195.62
Change (%) -0.57% -0.30% -0.01% - +0.24% +2.02% +27.79%
Change -0.87 -0.46 -0.01 - +0.37 +3.09 +42.54
Level Minor Intermediate Minor - Major Major 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
Standard151.95152.29152.65152.99153.35153.69154.05
Camarilla152.83152.89152.96153.02153.08153.15153.21
Woodie151.97152.30152.67153.00153.37153.70154.07
Fibonacci152.29152.55152.72152.99153.25153.42153.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.58150.37151.66152.45153.74154.53155.82
Camarilla152.37152.56152.75152.94153.13153.32153.51
Woodie149.82150.50151.90152.58153.98154.66156.06
Fibonacci150.37151.17151.66152.45153.25153.74154.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard143.68146.07149.30151.69154.92157.31160.54
Camarilla150.99151.50152.02152.53153.05153.56154.08
Woodie144.10146.28149.72151.90155.34157.52160.96
Fibonacci146.07148.22149.54151.69153.84155.16157.31

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): 58.88
MACD (12,26,9): 0.0400
Directional Movement: 9.08
AROON (14): 64.29
DEMA (21): 153.08
Parabolic SAR (0,02-0,02-0,2): 153.21
Elder Ray (13): 0.06
Super Trend (3,10): 152.76
Zig ZAG (10): 153.10
VORTEX (21): 1.0100
Stochastique (14,3,5): 79.55
TEMA (21): 153.08
Williams %R (14): -26.09
Chande Momentum Oscillator (20): 0.12
Repulse (5,40,3): 0.0400
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.00
MA7: 152.64
MA20: 152.06
MA50: 153.15
MA100: 152.76
MAexp7: 153.05
MAexp20: 153.03
MAexp50: 152.95
MAexp100: 152.82
Price / MA7: +0.29%
Price / MA20: +0.67%
Price / MA50: -0.05%
Price / MA100: +0.21%
Price / MAexp7: +0.02%
Price / MAexp20: +0.03%
Price / MAexp50: +0.08%
Price / MAexp100: +0.17%

Quotes : - Real time data - Forex

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

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