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 - 15 min. - Technical analysis published on 08/02/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 160.56 JPY
My targets
159.07 JPY (-0.91)
157.11 JPY (-2.87)
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 under the resistance located at 160.56 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 159.07 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. 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. If the resistance 160.56 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4

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 geeman99. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GBP/JPY rating 159.98 JPY. On the day, this instrument lost -0.68% and was traded between 159.45 JPY and 161.24 JPY over the period. The price is currently at +0.33% from its lowest and -0.78% from its highest.

159.45
161.24
159.98

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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


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 GBP/JPY in 15 min. shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 151.31 154.28 157.11 159.98 161.04 162.23 162.77
Change (%) -5.42% -3.56% -1.79% - +0.66% +1.41% +1.74%
Change -8.67 -5.70 -2.87 - +1.06 +2.25 +2.79
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.58
MACD (12,26,9): -0.0500
Directional Movement: 3.44
AROON (14): 100.00
DEMA (21): 159.81
Parabolic SAR (0,02-0,02-0,2): 159.48
Elder Ray (13): 0.17
Super Trend (3,10): 160.32
Zig ZAG (10): 160.10
VORTEX (21): 0.9700
Stochastique (14,3,5): 91.12
TEMA (21): 159.92
Williams %R (14): -19.05
Chande Momentum Oscillator (20): 0.32
Repulse (5,40,3): 0.1000
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.23
MA7: 163.12
MA20: 163.69
MA50: 164.07
MA100: 162.74
MAexp7: 159.92
MAexp20: 159.90
MAexp50: 160.19
MAexp100: 160.66
Price / MA7: -1.92%
Price / MA20: -2.27%
Price / MA50: -2.49%
Price / MA100: -1.70%
Price / MAexp7: +0.04%
Price / MAexp20: +0.05%
Price / MAexp50: -0.13%
Price / MAexp100: -0.42%

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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