GBP/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 03/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 189.49 JPY

My targets

190.31 JPY (+0.63)

190.69 JPY (+1.01)

My analysis

GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 189.49 JPY. The next resistance located at 190.31 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 190.69 JPY. After this resistance, buyers could then target 190.97 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

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 OliVymous. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY rating is 189.68 JPY. The price has increased by +0.35% since the last closing and was traded between 188.59 JPY and 189.76 JPY over the period. The price is currently at +0.58% from its lowest and -0.04% from its highest.

188.59

189.76

189.68

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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:

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 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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 increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	187.96	188.39	189.49	189.68	190.31	190.69	190.97
Change (%)	-0.91%	-0.68%	-0.10%	-	+0.33%	+0.53%	+0.68%
Change	-1.72	-1.29	-0.19	-	+0.63	+1.01	+1.29
Level	Minor	Major	Intermediate	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	187.65	188.12	188.57	189.04	189.49	189.96	190.41
Camarilla	188.76	188.84	188.93	189.01	189.09	189.18	189.26
Woodie	187.63	188.12	188.55	189.04	189.47	189.96	190.39
Fibonacci	188.12	188.48	188.69	189.04	189.40	189.61	189.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	184.89	186.57	187.84	189.52	190.79	192.47	193.74
Camarilla	188.31	188.58	188.85	189.12	189.39	189.66	189.93
Woodie	184.70	186.47	187.65	189.42	190.60	192.37	193.55
Fibonacci	186.57	187.69	188.39	189.52	190.64	191.34	192.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	179.95	182.59	186.04	188.68	192.13	194.77	198.22
Camarilla	187.82	188.37	188.93	189.49	190.05	190.61	191.17
Woodie	180.36	182.79	186.45	188.88	192.54	194.97	198.63
Fibonacci	182.59	184.92	186.35	188.68	191.01	192.44	194.77

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):	67.10
MACD (12,26,9):	0.1300
Directional Movement:	9.44
AROON (14):	21.42
DEMA (21):	189.41
Parabolic SAR (0,02-0,02-0,2):	188.77
Elder Ray (13):	0.28
Super Trend (3,10):	188.95
Zig ZAG (10):	189.66
VORTEX (21):	1.1700
Stochastique (14,3,5):	90.88
TEMA (21):	189.51
Williams %R (14):	-9.40
Chande Momentum Oscillator (20):	0.57
Repulse (5,40,3):	0.1100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.41

MA7:	189.03
MA20:	189.83
MA50:	188.26
MA100:	186.08
MAexp7:	189.49
MAexp20:	189.27
MAexp50:	189.14
MAexp100:	189.10
Price / MA7:	+0.34%
Price / MA20:	-0.08%
Price / MA50:	+0.75%
Price / MA100:	+1.93%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.22%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.31%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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