GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
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GBP/JPY - 1H - Technical analysis published on 03/27/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 191.68 JPY

My targets

190.36 JPY (-0.74)

189.63 JPY (-1.47)

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 191.68 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 191.68 JPY. The next bearish objective for sellers is set at 190.36 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 189.63 JPY. In case of crossing, the next objective would be the support located at 188.39 JPY. PS: if there is a bullish break in the resistance located at 191.68 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.9

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

Additional analysis

Quotes

The GBP/JPY rating is 191.10 JPY. The price is lower by -0.06% since the last closing and was between 190.50 JPY and 191.53 JPY. This implies that the price is at +0.31% from its lowest and at -0.22% from its highest.

190.50

191.53

191.10

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	189.63	190.36	190.98	191.10	191.68	192.25	192.92
Change (%)	-0.77%	-0.39%	-0.06%	-	+0.30%	+0.60%	+0.95%
Change	-1.47	-0.74	-0.12	-	+0.58	+1.15	+1.82
Level	Minor	Major	Intermediate	-	Intermediate	Minor	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	190.41	190.75	190.99	191.33	191.57	191.91	192.15
Camarilla	191.06	191.11	191.17	191.22	191.27	191.33	191.38
Woodie	190.35	190.73	190.93	191.31	191.51	191.89	192.09
Fibonacci	190.75	190.98	191.11	191.33	191.56	191.69	191.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	185.02	187.28	189.03	191.29	193.04	195.30	197.05
Camarilla	189.69	190.06	190.42	190.79	191.16	191.53	191.89
Woodie	184.78	187.15	188.79	191.16	192.80	195.17	196.81
Fibonacci	187.28	188.81	189.76	191.29	192.82	193.77	195.30

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):	49.33
MACD (12,26,9):	-0.0900
Directional Movement:	-5.06
AROON (14):	-28.57
DEMA (21):	190.97
Parabolic SAR (0,02-0,02-0,2):	190.50
Elder Ray (13):	0.04
Super Trend (3,10):	191.41
Zig ZAG (10):	191.10
VORTEX (21):	0.9600
Stochastique (14,3,5):	54.58
TEMA (21):	190.91
Williams %R (14):	-42.16
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	0.1100
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.36

MA7:	191.62
MA20:	190.28
MA50:	189.24
MA100:	186.73
MAexp7:	191.01
MAexp20:	191.08
MAexp50:	191.19
MAexp100:	191.23
Price / MA7:	-0.27%
Price / MA20:	+0.43%
Price / MA50:	+0.98%
Price / MA100:	+2.34%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.01%
Price / MAexp50:	-0.05%
Price / MAexp100:	-0.07%

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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