GBP/JPY - 1H - Technical analysis published on 01/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 156.04 JPY
My targets
156.75 JPY (+0.27)
157.10 JPY (+0.62)
My analysis
The strong short-term increase in GBP/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 156.04 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 156.75 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 157.10 JPY as an objective. Crossing it would then enable buyers to target 157.41 JPY. Caution, a return under 156.04 JPY could jeopardize the reversal.
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
0
10
2.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 156.48 JPY. The price has increased by +0.18% since the last closing and was traded between 156.05 JPY and 156.65 JPY over the period. The price is currently at +0.28% from its lowest and -0.11% from its highest.156.05
156.65
156.48
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 154.28 | 155.46 | 156.04 | 156.48 | 156.75 | 157.10 | 157.41 |
Change (%) | -1.41% | -0.65% | -0.28% | - | +0.17% | +0.40% | +0.59% |
Change | -2.20 | -1.02 | -0.44 | - | +0.27 | +0.62 | +0.93 |
Level | Minor | Minor | Major | - | Intermediate | Minor | 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 |
---|---|---|---|---|---|---|---|
Standard | 154.53 | 154.99 | 155.60 | 156.06 | 156.67 | 157.13 | 157.74 |
Camarilla | 155.91 | 156.00 | 156.10 | 156.20 | 156.30 | 156.40 | 156.49 |
Woodie | 154.60 | 155.03 | 155.67 | 156.10 | 156.74 | 157.17 | 157.81 |
Fibonacci | 154.99 | 155.40 | 155.66 | 156.06 | 156.47 | 156.73 | 157.13 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 152.95 | 154.21 | 155.20 | 156.46 | 157.45 | 158.71 | 159.70 |
Camarilla | 155.58 | 155.79 | 155.99 | 156.20 | 156.41 | 156.61 | 156.82 |
Woodie | 152.83 | 154.14 | 155.08 | 156.39 | 157.33 | 158.64 | 159.58 |
Fibonacci | 154.21 | 155.07 | 155.60 | 156.46 | 157.32 | 157.85 | 158.71 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 144.04 | 146.50 | 151.09 | 153.55 | 158.14 | 160.60 | 165.19 |
Camarilla | 153.73 | 154.38 | 155.02 | 155.67 | 156.32 | 156.96 | 157.61 |
Woodie | 145.10 | 147.03 | 152.15 | 154.08 | 159.20 | 161.13 | 166.25 |
Fibonacci | 146.50 | 149.20 | 150.86 | 153.55 | 156.25 | 157.91 | 160.60 |
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): | 61.27 | |
MACD (12,26,9): | 0.0800 | |
Directional Movement: | 8.75 | |
AROON (14): | 92.86 | |
DEMA (21): | 156.43 | |
Parabolic SAR (0,02-0,02-0,2): | 156.16 | |
Elder Ray (13): | 0.15 | |
Super Trend (3,10): | 156.08 | |
Zig ZAG (10): | 156.58 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 86.23 | |
TEMA (21): | 156.59 | |
Williams %R (14): | -20.00 | |
Chande Momentum Oscillator (20): | 0.34 | |
Repulse (5,40,3): | -0.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.71 |
MA7: | 156.74 | |
MA20: | 155.46 | |
MA50: | 153.25 | |
MA100: | 153.24 | |
MAexp7: | 156.49 | |
MAexp20: | 156.36 | |
MAexp50: | 156.43 | |
MAexp100: | 156.58 | |
Price / MA7: | -0.17% | |
Price / MA20: | +0.66% | |
Price / MA50: | +2.11% | |
Price / MA100: | +2.11% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | +0.08% | |
Price / MAexp50: | +0.03% | |
Price / MAexp100: | -0.06% |
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:
- GBP/JPY Technical Analysis for the Week of January 17, 2022 by FXEmpire
- GBP/JPY Technical Analysis for January 17, 2022 by FXEmpire
- GBP/JPY Technical Analysis for January 14, 2022 by FXEmpire
- GBP/JPY Technical Analysis for January 13, 2022 by FXEmpire
- GBP/JPY Technical Analysis for January 12, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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