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GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 08/02/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 161.04 JPY
My targets
158.60 JPY (-1.43)
157.11 JPY (-2.92)
My analysis
The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 161.04 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 158.60 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 157.11 JPY as an objective. Crossing it would then enable sellers to target 154.28 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3

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.

albanda
This analysis was given by albanda. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 160.03 JPY. The price is lower by -0.65% since the last closing with the lowest point at 159.45 JPY and the highest point at 161.24 JPY. The deviation from the price is +0.36% for the low point and -0.75% for the high point.

159.45
161.24
160.03

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



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 3 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 151.31 154.28 157.11 160.03 161.04 162.23 162.77
Change (%) -5.45% -3.59% -1.82% - +0.63% +1.37% +1.71%
Change -8.72 -5.75 -2.92 - +1.01 +2.20 +2.74
Level Minor Minor Major - Intermediate Minor Major



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
Standard159.07160.04160.56161.53162.05163.02163.54
Camarilla160.66160.80160.93161.07161.21161.34161.48
Woodie158.84159.93160.33161.42161.82162.91163.31
Fibonacci160.04160.61160.96161.53162.10162.45163.02


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.66158.60160.46163.40165.26168.20170.06
Camarilla161.00161.44161.88162.32162.76163.20163.64
Woodie155.12158.33159.92163.13164.72167.93169.52
Fibonacci158.60160.43161.57163.40165.23166.37168.20


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard153.74157.07159.69163.02165.64168.97171.59
Camarilla160.68161.23161.78162.32162.87163.41163.96
Woodie153.40156.89159.35162.84165.30168.79171.25
Fibonacci157.07159.34160.74163.02165.29166.69168.97

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): 35.65
MACD (12,26,9): -0.5200
Directional Movement: -14.90
AROON (14): -71.43
DEMA (21): 159.80
Parabolic SAR (0,02-0,02-0,2): 160.27
Elder Ray (13): -0.22
Super Trend (3,10): 160.94
Zig ZAG (10): 160.11
VORTEX (21): 0.7600
Stochastique (14,3,5): 23.25
TEMA (21): 159.63
Williams %R (14): -71.43
Chande Momentum Oscillator (20): -1.04
Repulse (5,40,3): 0.1100
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 1.82
MA7: 163.12
MA20: 163.69
MA50: 164.07
MA100: 162.74
MAexp7: 159.95
MAexp20: 160.45
MAexp50: 161.32
MAexp100: 162.28
Price / MA7: -1.89%
Price / MA20: -2.24%
Price / MA50: -2.46%
Price / MA100: -1.67%
Price / MAexp7: +0.05%
Price / MAexp20: -0.26%
Price / MAexp50: -0.80%
Price / MAexp100: -1.39%

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.

About author

Londinia
Londinia AI

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