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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
ISIN:

GBP/JPY - 1H - Technical analysis published on 03/26/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 160.46 JPY
My targets
158.96 JPY (-0.83)
157.59 JPY (-2.20)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 160.46 JPY remains possible. It is advisable to trade GBP/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 160.46 JPY. The next bearish objective for sellers is set at 158.96 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 157.59 JPY. In case of crossing, the next objective would be the support located at 155.77 JPY. PS: if there is a bullish break in the resistance located at 160.46 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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
1.4

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.

dbean323
This analysis was given by dbean323. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/JPY price is 159.79 JPY. On the day, this instrument lost -0.57% and was traded between 158.27 JPY and 160.74 JPY over the period. The price is currently at +0.96% from its lowest and -0.59% from its highest.

158.27
160.74
159.79

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (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


A technical analysis in 1H of this GBP/JPY chart shows a bearish trend. 75.00% 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 does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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 this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 155.77 158.96 159.75 159.79 160.46 162.22 163.34
Change (%) -2.52% -0.52% -0.03% - +0.42% +1.52% +2.22%
Change -4.02 -0.83 -0.04 - +0.67 +2.43 +3.55
Level Intermediate Major Minor - Major Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.99157.13158.46159.60160.93162.07163.40
Camarilla159.11159.34159.56159.79160.02160.24160.47
Woodie156.09157.18158.56159.65161.03162.12163.50
Fibonacci157.13158.07158.66159.60160.54161.13162.07


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard152.52155.40157.59160.47162.66165.54167.73
Camarilla158.40158.86159.33159.79160.26160.72161.18
Woodie152.19155.23157.26160.30162.33165.37167.40
Fibonacci155.40157.33158.53160.47162.40163.60165.54


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.23152.98158.52162.27167.81171.56177.10
Camarilla161.51162.36163.21164.06164.91165.76166.62
Woodie150.13153.43159.42162.72168.71172.01178.00
Fibonacci152.98156.53158.72162.27165.82168.01171.56

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): 46.98
MACD (12,26,9): -0.1900
Directional Movement: -5.36
AROON (14): -28.57
DEMA (21): 159.45
Parabolic SAR (0,02-0,02-0,2): 158.89
Elder Ray (13): 0.08
Super Trend (3,10): 160.01
Zig ZAG (10): 159.79
VORTEX (21): 0.9300
Stochastique (14,3,5): 84.75
TEMA (21): 159.60
Williams %R (14): -13.64
Chande Momentum Oscillator (20): 1.30
Repulse (5,40,3): 0.0700
ROCnROLL: -1
TRIX (15,9): -0.0300
Courbe Coppock: 0.13
MA7: 160.96
MA20: 162.27
MA50: 161.02
MA100: 162.49
MAexp7: 159.76
MAexp20: 159.79
MAexp50: 160.32
MAexp100: 160.79
Price / MA7: -0.73%
Price / MA20: -1.53%
Price / MA50: -0.76%
Price / MA100: -1.66%
Price / MAexp7: +0.02%
Price / MAexp20: -0%
Price / MAexp50: -0.33%
Price / MAexp100: -0.62%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news 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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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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