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 04/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 192.25 JPY

My targets

191.36 JPY (-0.57)

190.94 JPY (-0.99)

My analysis

GBP/JPY is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 192.25 JPY, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 191.36 JPY. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 190.94 JPY would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 190.68 JPY. Beware of a possible return to above the resistance located at 192.25 JPY which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

3.9

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

Additional analysis

Quotes

GBP/JPY rating 191.93 JPY. The price is lower by -0.25% since the last closing with the lowest point at 191.56 JPY and the highest point at 192.99 JPY. The deviation from the price is +0.19% for the low point and -0.55% for the high point.

191.56

192.99

191.93

Here is a more detailed summary of the historical variations registered by GBP/JPY:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	190.68	190.94	191.36	191.93	192.25	192.92	195.83
Change (%)	-0.65%	-0.52%	-0.30%	-	+0.17%	+0.52%	+2.03%
Change	-1.25	-0.99	-0.57	-	+0.32	+0.99	+3.90
Level	Minor	Minor	Intermediate	-	Intermediate	Major	Major

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	191.28	191.68	192.05	192.45	192.82	193.22	193.59
Camarilla	192.20	192.27	192.34	192.41	192.48	192.55	192.62
Woodie	191.26	191.67	192.03	192.44	192.80	193.21	193.57
Fibonacci	191.68	191.98	192.16	192.45	192.75	192.93	193.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	188.16	189.11	190.36	191.31	192.56	193.51	194.76
Camarilla	191.02	191.22	191.42	191.62	191.82	192.02	192.23
Woodie	188.32	189.19	190.52	191.39	192.72	193.59	194.92
Fibonacci	189.11	189.95	190.47	191.31	192.15	192.67	193.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	182.57	185.26	188.15	190.84	193.73	196.42	199.31
Camarilla	189.50	190.01	190.52	191.03	191.54	192.05	192.57
Woodie	182.66	185.31	188.24	190.89	193.82	196.47	199.40
Fibonacci	185.26	187.40	188.71	190.84	192.98	194.29	196.42

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.90
MACD (12,26,9):	0.0400
Directional Movement:	-22.35
AROON (14):	0
DEMA (21):	192.50
Parabolic SAR (0,02-0,02-0,2):	192.99
Elder Ray (13):	-0.44
Super Trend (3,10):	192.86
Zig ZAG (10):	191.96
VORTEX (21):	0.9400
Stochastique (14,3,5):	48.48
TEMA (21):	192.44
Williams %R (14):	-74.83
Chande Momentum Oscillator (20):	-0.41
Repulse (5,40,3):	-0.3200
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	0.14

MA7:	191.68
MA20:	191.19
MA50:	189.97
MA100:	187.26
MAexp7:	192.40
MAexp20:	192.43
MAexp50:	192.26
MAexp100:	191.99
Price / MA7:	+0.13%
Price / MA20:	+0.39%
Price / MA50:	+1.03%
Price / MA100:	+2.49%
Price / MAexp7:	-0.24%
Price / MAexp20:	-0.26%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.03%

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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