GBP/JPY - Daily - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 162.77 JPY
My targets
160.09 JPY (-1.83)
157.11 JPY (-4.81)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/JPY as long as the price remains well below 162.77 JPY. The next bearish objective for sellers is set at 160.09 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 157.11 JPY. In case of crossing, the next objective would be the support located at 154.28 JPY.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 161.92 JPY. The price is lower by -0.01% since the last closing and was between 161.21 JPY and 162.69 JPY. This implies that the price is at +0.44% from its lowest and at -0.47% from its highest.161.21
162.69
161.92
Here is a more detailed summary of the historical variations registered by GBP/JPY:
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
Technical
Technical analysis of GBP/JPY in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong 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 probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 154.28 | 157.11 | 160.09 | 161.92 | 162.77 | 165.86 | 168.56 |
| Change (%) | -4.72% | -2.97% | -1.13% | - | +0.52% | +2.43% | +4.10% |
| Change | -7.64 | -4.81 | -1.83 | - | +0.85 | +3.94 | +6.64 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 157.24 | 158.34 | 160.14 | 161.24 | 163.04 | 164.14 | 165.94 |
| Camarilla | 161.13 | 161.40 | 161.66 | 161.93 | 162.20 | 162.46 | 162.73 |
| Woodie | 157.58 | 158.52 | 160.48 | 161.42 | 163.38 | 164.32 | 166.28 |
| Fibonacci | 158.34 | 159.45 | 160.14 | 161.24 | 162.35 | 163.04 | 164.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.66 | 158.60 | 160.46 | 163.40 | 165.26 | 168.20 | 170.06 |
| Camarilla | 161.00 | 161.44 | 161.88 | 162.32 | 162.76 | 163.20 | 163.64 |
| Woodie | 155.12 | 158.33 | 159.92 | 163.13 | 164.72 | 167.93 | 169.52 |
| Fibonacci | 158.60 | 160.43 | 161.57 | 163.40 | 165.23 | 166.37 | 168.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.74 | 157.07 | 159.69 | 163.02 | 165.64 | 168.97 | 171.59 |
| Camarilla | 160.68 | 161.23 | 161.78 | 162.32 | 162.87 | 163.41 | 163.96 |
| Woodie | 153.40 | 156.89 | 159.35 | 162.84 | 165.30 | 168.79 | 171.25 |
| Fibonacci | 157.07 | 159.34 | 160.74 | 163.02 | 165.29 | 166.69 | 168.97 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.32 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -14.57 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 163.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 166.20 | |
| Elder Ray (13): | -1.28 | |
| Super Trend (3,10): | 166.86 | |
| Zig ZAG (10): | 161.89 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 24.31 | |
| TEMA (21): | 162.41 | |
| Williams %R (14): | -64.01 | |
| Chande Momentum Oscillator (20): | -3.27 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.26 |
| MA7: | 163.04 | |
| MA20: | 163.78 | |
| MA50: | 164.15 | |
| MA100: | 162.81 | |
| MAexp7: | 162.66 | |
| MAexp20: | 163.54 | |
| MAexp50: | 163.47 | |
| MAexp100: | 162.11 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -1.36% | |
| Price / MA100: | -0.55% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.99% | |
| Price / MAexp50: | -0.95% | |
| Price / MAexp100: | -0.12% |
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:
-
GBP/JPY Technical Analysis for August 03, 2022 by FXEmpire
-
GBP/JPY Technical Analysis for August 02, 2022 by FXEmpire
-
GBP/JPY Technical Analysis for the Week of August 01, 2022 by FXEmpire
-
GBP/JPY Technical Analysis for August 01, 2022 by FXEmpire
-
Technical Analysis: 29/07/2022 - GBPJPY drops sharply erasing recent advance
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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