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 01/17/2022 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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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

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

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.

Central Gaps

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

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard154.53154.99155.60156.06156.67157.13157.74
Camarilla155.91156.00156.10156.20156.30156.40156.49
Woodie154.60155.03155.67156.10156.74157.17157.81
Fibonacci154.99155.40155.66156.06156.47156.73157.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard152.95154.21155.20156.46157.45158.71159.70
Camarilla155.58155.79155.99156.20156.41156.61156.82
Woodie152.83154.14155.08156.39157.33158.64159.58
Fibonacci154.21155.07155.60156.46157.32157.85158.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard144.04146.50151.09153.55158.14160.60165.19
Camarilla153.73154.38155.02155.67156.32156.96157.61
Woodie145.10147.03152.15154.08159.20161.13166.25
Fibonacci146.50149.20150.86153.55156.25157.91160.60

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

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

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