GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 15 min. - Technical analysis published on 06/27/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
17%
61%
My opinion
Bullish above 165.69 JPY
My targets
166.58 JPY (+0.59)
167.18 JPY (+1.19)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/JPY. As long as you are above the support located at 165.69 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 166.58 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 167.18 JPY as an objective. Crossing it would then enable buyers to target 168.07 JPY. If the support 165.69 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3

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This analysis was given by sarfaraz_qaiser. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 165.99 JPY. The price registered an increase of +0.01% on the session and was between 165.14 JPY and 166.54 JPY. This implies that the price is at +0.51% from its lowest and at -0.33% from its highest.

165.14
166.54
165.99

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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:

Central Records

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 15 min. shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 161.73 162.77 163.80 165.99 166.26 168.32 195.83
Change (%) -2.57% -1.94% -1.32% - +0.16% +1.40% +17.98%
Change -4.26 -3.22 -2.19 - +0.27 +2.33 +29.84
Level Minor Minor Minor - 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
Standard163.60164.20165.09165.69166.58167.18168.07
Camarilla165.56165.70165.83165.97166.11166.24166.38
Woodie163.74164.27165.23165.76166.72167.25168.21
Fibonacci164.20164.77165.12165.69166.26166.61167.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard160.94162.71164.34166.11167.74169.51171.14
Camarilla165.04165.35165.66165.97166.28166.59166.91
Woodie160.87162.68164.27166.08167.67169.48171.07
Fibonacci162.71164.01164.81166.11167.41168.21169.51


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.00152.30157.31160.61165.62168.92173.93
Camarilla160.04160.80161.56162.32163.08163.84164.61
Woodie149.86152.73158.17161.04166.48169.35174.79
Fibonacci152.30155.47157.44160.61163.78165.75168.92

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): 53.56
MACD (12,26,9): 0.0500
Directional Movement: 3.57
AROON (14): -57.14
DEMA (21): 166.10
Parabolic SAR (0,02-0,02-0,2): 166.23
Elder Ray (13): -0.03
Super Trend (3,10): 165.71
Zig ZAG (10): 166.03
VORTEX (21): 1.0900
Stochastique (14,3,5): 21.23
TEMA (21): 166.07
Williams %R (14): -70.21
Chande Momentum Oscillator (20): -0.19
Repulse (5,40,3): 0.0000
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.28
MA7: 165.95
MA20: 165.01
MA50: 162.88
MA100: 160.37
MAexp7: 166.02
MAexp20: 166.01
MAexp50: 165.91
MAexp100: 165.84
Price / MA7: +0.02%
Price / MA20: +0.59%
Price / MA50: +1.91%
Price / MA100: +3.50%
Price / MAexp7: -0.02%
Price / MAexp20: -0.01%
Price / MAexp50: +0.05%
Price / MAexp100: +0.09%

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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