GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - Daily - Technical analysis published on 06/17/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 162.77 JPY

My targets

168.32 JPY (+3.11)

173.93 JPY (+8.72)

My analysis

GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 162.77 JPY. The next resistance located at 168.32 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 173.93 JPY. After this resistance, buyers could then target 195.83 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

Additional analysis

Quotes

The GBP/JPY rating is 165.21 JPY. On the day, this instrument gained +1.02% and was between 163.01 JPY and 165.75 JPY. This implies that the price is at +1.35% from its lowest and at -0.33% from its highest.

163.01

165.75

165.21

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 for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

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 market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

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	157.38	160.09	162.77	165.21	168.32	195.83	221.93
Change (%)	-4.74%	-3.10%	-1.48%	-	+1.88%	+18.53%	+34.33%
Change	-7.83	-5.12	-2.44	-	+3.11	+30.62	+56.72
Level	Intermediate	Intermediate	Intermediate	-	Major	Major	Minor

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	157.21	158.61	161.07	162.47	164.93	166.33	168.79
Camarilla	162.48	162.83	163.19	163.54	163.89	164.25	164.60
Woodie	157.75	158.88	161.61	162.74	165.47	166.60	169.33
Fibonacci	158.61	160.08	160.99	162.47	163.94	164.85	166.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	156.88	159.89	162.70	165.71	168.52	171.53	174.34
Camarilla	163.90	164.43	164.97	165.50	166.03	166.57	167.10
Woodie	156.77	159.84	162.59	165.66	168.41	171.48	174.23
Fibonacci	159.89	162.12	163.49	165.71	167.94	169.31	171.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	149.00	152.30	157.31	160.61	165.62	168.92	173.93
Camarilla	160.04	160.80	161.56	162.32	163.08	163.84	164.61
Woodie	149.86	152.73	158.17	161.04	166.48	169.35	174.79
Fibonacci	152.30	155.47	157.44	160.61	163.78	165.75	168.92

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):	56.81
MACD (12,26,9):	0.8700
Directional Movement:	-0.48
AROON (14):	-35.72
DEMA (21):	164.69
Parabolic SAR (0,02-0,02-0,2):	167.55
Elder Ray (13):	0.36
Super Trend (3,10):	162.34
Zig ZAG (10):	165.23
VORTEX (21):	1.1200
Stochastique (14,3,5):	45.56
TEMA (21):	165.05
Williams %R (14):	-41.12
Chande Momentum Oscillator (20):	2.73
Repulse (5,40,3):	1.9900
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	4.49

MA7:	164.41
MA20:	163.29
MA50:	162.68
MA100:	159.74
MAexp7:	164.31
MAexp20:	163.55
MAexp50:	162.14
MAexp100:	160.23
Price / MA7:	+0.49%
Price / MA20:	+1.18%
Price / MA50:	+1.56%
Price / MA100:	+3.42%
Price / MAexp7:	+0.55%
Price / MAexp20:	+1.01%
Price / MAexp50:	+1.89%
Price / MAexp100:	+3.11%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

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

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