GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
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GBP/JPY - Daily - Technical analysis published on 12/02/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 152.16 JPY

My targets

149.17 JPY (-1.58)

144.47 JPY (-6.28)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 152.16 JPY. The sellers' bearish objective is set at 149.17 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 144.47 JPY. In case of crossing, the next objective would be the support located at 134.45 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

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

Additional analysis

Quotes

The GBP/JPY price is 150.75 JPY. The price registered an increase of +0.58% on the session and was between 149.79 JPY and 150.80 JPY. This implies that the price is at +0.64% from its lowest and at -0.03% from its highest.

149.79

150.80

150.75

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/JPY indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	134.45	144.47	149.17	150.75	152.16	153.41	156.04
Change (%)	-10.81%	-4.17%	-1.05%	-	+0.94%	+1.76%	+3.51%
Change	-16.30	-6.28	-1.58	-	+1.41	+2.66	+5.29
Level	Minor	Minor	Major	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.19	148.35	149.12	150.28	151.05	152.21	152.98
Camarilla	149.35	149.53	149.70	149.88	150.06	150.23	150.41
Woodie	146.99	148.25	148.92	150.18	150.85	152.11	152.78
Fibonacci	148.35	149.09	149.55	150.28	151.02	151.48	152.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	146.41	148.56	149.91	152.06	153.41	155.56	156.91
Camarilla	150.29	150.61	150.93	151.25	151.57	151.89	152.21
Woodie	146.00	148.36	149.50	151.86	153.00	155.36	156.50
Fibonacci	148.56	149.90	150.73	152.06	153.40	154.23	155.56

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.31	145.52	148.08	152.29	154.85	159.06	161.62
Camarilla	148.78	149.40	150.02	150.64	151.26	151.88	152.50
Woodie	140.49	145.11	147.26	151.88	154.03	158.65	160.80
Fibonacci	145.52	148.11	149.70	152.29	154.88	156.47	159.06

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):	37.25
MACD (12,26,9):	-0.9100
Directional Movement:	-17.79
AROON (14):	-71.43
DEMA (21):	151.68
Parabolic SAR (0,02-0,02-0,2):	153.38
Elder Ray (13):	-1.84
Super Trend (3,10):	154.22
Zig ZAG (10):	150.71
VORTEX (21):	0.8000
Stochastique (14,3,5):	15.73
TEMA (21):	150.75
Williams %R (14):	-77.82
Chande Momentum Oscillator (20):	-3.58
Repulse (5,40,3):	-0.4200
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	2.34

MA7:	151.58
MA20:	152.77
MA50:	153.72
MA100:	152.61
MAexp7:	151.37
MAexp20:	152.67
MAexp50:	153.19
MAexp100:	152.84
Price / MA7:	-0.55%
Price / MA20:	-1.32%
Price / MA50:	-1.93%
Price / MA100:	-1.22%
Price / MAexp7:	-0.41%
Price / MAexp20:	-1.26%
Price / MAexp50:	-1.59%
Price / MAexp100:	-1.37%

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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