GBP/JPY - 15 min. - Technical analysis published on 05/23/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 172.06 JPY
My targets
172.93 JPY (+0.71)
173.44 JPY (+1.22)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/JPY. This is a positive signal for buyers. As long as the price remains above 172.06 JPY, a purchase could be considered. The first bullish objective is located at 172.93 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 173.44 JPY as an objective. Crossing it would then enable buyers to target 174.31 JPY. In the event of a return below 172.06 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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Additional analysis
Quotes
The GBP/JPY rating is 172.22 JPY. The price is lower by -0.11% since the last closing and was between 171.29 JPY and 172.63 JPY. This implies that the price is at +0.54% from its lowest and at -0.24% from its highest.171.29
172.63
172.22
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/JPY chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 169.41 | 171.01 | 172.20 | 172.22 | 172.58 | 195.83 | 221.93 |
| Change (%) | -1.63% | -0.70% | -0.01% | - | +0.21% | +13.71% | +28.86% |
| Change | -2.81 | -1.21 | -0.02 | - | +0.36 | +23.61 | +49.71 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.17 | 170.68 | 171.55 | 172.06 | 172.93 | 173.44 | 174.31 |
| Camarilla | 172.03 | 172.16 | 172.28 | 172.41 | 172.54 | 172.66 | 172.79 |
| Woodie | 170.34 | 170.77 | 171.72 | 172.15 | 173.10 | 173.53 | 174.48 |
| Fibonacci | 170.68 | 171.21 | 171.54 | 172.06 | 172.59 | 172.92 | 173.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.91 | 167.39 | 169.56 | 171.04 | 173.21 | 174.69 | 176.86 |
| Camarilla | 170.74 | 171.07 | 171.41 | 171.74 | 172.08 | 172.41 | 172.74 |
| Woodie | 166.27 | 167.56 | 169.92 | 171.21 | 173.57 | 174.86 | 177.22 |
| Fibonacci | 167.39 | 168.78 | 169.64 | 171.04 | 172.43 | 173.29 | 174.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.15 | 159.96 | 165.58 | 168.39 | 174.01 | 176.82 | 182.44 |
| Camarilla | 168.88 | 169.66 | 170.43 | 171.20 | 171.97 | 172.75 | 173.52 |
| Woodie | 158.56 | 160.66 | 166.99 | 169.09 | 175.42 | 177.52 | 183.85 |
| Fibonacci | 159.96 | 163.18 | 165.17 | 168.39 | 171.61 | 173.60 | 176.82 |
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): | 55.26 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 3.56 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 172.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.05 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 171.82 | |
| Zig ZAG (10): | 172.19 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 65.72 | |
| TEMA (21): | 172.31 | |
| Williams %R (14): | -22.86 | |
| Chande Momentum Oscillator (20): | 0.23 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.42 |
| MA7: | 171.56 | |
| MA20: | 170.17 | |
| MA50: | 166.45 | |
| MA100: | 163.60 | |
| MAexp7: | 172.18 | |
| MAexp20: | 172.05 | |
| MAexp50: | 171.98 | |
| MAexp100: | 171.99 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +3.47% | |
| Price / MA100: | +5.27% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.13% |
Quotes :
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Real time data
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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 May 24, 2023 by FXEmpire
-
GBP/JPY Forecast May 23, 2023
-
GBP/JPY Technical Analysis for May 23, 2023 by FXEmpire
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GBP/JPY Technical Analysis for the Week of May 22, 2023 by FXEmpire
-
GBP/JPY Technical Analysis for May 22, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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