GBP/JPY - Daily - Technical analysis published on 11/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 162.82 JPY
My targets
168.79 JPY (+1.92)
171.39 JPY (+4.52)
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 162.82 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 168.79 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 171.39 JPY as an objective. Crossing it would then enable buyers to target 195.83 JPY. If the support 162.82 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
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 166.87 JPY. The price registered a decrease of -0.01% on the session and was between 165.98 JPY and 166.91 JPY. This implies that the price is at +0.54% from its lowest and at -0.02% from its highest.165.98
166.91
166.87
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 156.93 | 160.52 | 166.67 | 166.87 | 168.79 | 171.39 | 195.83 |
| Change (%) | -5.96% | -3.81% | -0.12% | - | +1.15% | +2.71% | +17.35% |
| Change | -9.94 | -6.35 | -0.20 | - | +1.92 | +4.52 | +28.96 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 163.74 | 164.44 | 165.58 | 166.28 | 167.42 | 168.12 | 169.26 |
| Camarilla | 166.21 | 166.38 | 166.55 | 166.72 | 166.89 | 167.06 | 167.23 |
| Woodie | 163.96 | 164.55 | 165.80 | 166.39 | 167.64 | 168.23 | 169.48 |
| Fibonacci | 164.44 | 165.14 | 165.58 | 166.28 | 166.98 | 167.42 | 168.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.81 | 160.95 | 163.84 | 167.98 | 170.87 | 175.01 | 177.90 |
| Camarilla | 164.79 | 165.43 | 166.08 | 166.72 | 167.36 | 168.01 | 168.65 |
| Woodie | 156.18 | 160.64 | 163.21 | 167.67 | 170.24 | 174.70 | 177.27 |
| Fibonacci | 160.95 | 163.64 | 165.30 | 167.98 | 170.67 | 172.33 | 175.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.42 | 155.08 | 162.82 | 167.48 | 175.22 | 179.88 | 187.62 |
| Camarilla | 167.16 | 168.30 | 169.43 | 170.57 | 171.71 | 172.84 | 173.98 |
| Woodie | 151.97 | 155.85 | 164.37 | 168.25 | 176.77 | 180.65 | 189.17 |
| Fibonacci | 155.08 | 159.81 | 162.74 | 167.48 | 172.21 | 175.14 | 179.88 |
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): | 50.53 | |
| MACD (12,26,9): | 1.1100 | |
| Directional Movement: | -6.62 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 168.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 171.51 | |
| Elder Ray (13): | -1.36 | |
| Super Trend (3,10): | 163.42 | |
| Zig ZAG (10): | 166.81 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 20.19 | |
| TEMA (21): | 169.02 | |
| Williams %R (14): | -74.69 | |
| Chande Momentum Oscillator (20): | -1.73 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.26 |
| MA7: | 168.51 | |
| MA20: | 167.69 | |
| MA50: | 164.45 | |
| MA100: | 163.96 | |
| MAexp7: | 167.72 | |
| MAexp20: | 167.21 | |
| MAexp50: | 165.35 | |
| MAexp100: | 163.96 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | +1.47% | |
| Price / MA100: | +1.77% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +1.77% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
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GBP/JPY Technical Analysis for the Week of November 07, 2022 by FXEmpire
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GBP/JPY Technical Analysis for November 07, 2022 by FXEmpire
-
Technical Analysis: 03/11/2022 - GBPJPY in the red ahead of BoE rate decision
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GBP/JPY Technical Analysis for November 03, 2022 by FXEmpire
-
GBP/JPY Technical Analysis for November 02, 2022 by FXEmpire
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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