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 04/11/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Neutral

Technical indicators

39%

11%

50%

My opinion

Neutral between 191.47 JPY and 192.25 JPY

My targets

My analysis

The short-term and basic trend is neutral. In this situation, the price of GBP/JPY could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 192.25 JPY. The first support is located at 191.47 JPY.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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

The GBP/JPY rating is 191.98 JPY. The price has increased by +0.12% since the last closing and was between 191.56 JPY and 192.59 JPY. This implies that the price is at +0.22% from its lowest and at -0.32% from its highest.

191.56

192.59

191.98

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of GBP/JPY indicates that the overall trend is not clearly defined. This indecision is confirmed by the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

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	190.94	191.47	191.93	191.98	192.25	192.92	195.83
Change (%)	-0.54%	-0.27%	-0.03%	-	+0.14%	+0.49%	+2.01%
Change	-1.04	-0.51	-0.05	-	+0.27	+0.94	+3.85
Level	Intermediate	Intermediate	Minor	-	Intermediate	Major	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	189.63	190.55	191.15	192.07	192.67	193.59	194.19
Camarilla	191.33	191.47	191.61	191.75	191.89	192.03	192.17
Woodie	189.47	190.47	190.99	191.99	192.51	193.51	194.03
Fibonacci	190.55	191.13	191.49	192.07	192.65	193.01	193.59

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 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):	50.31
MACD (12,26,9):	0.0000
Directional Movement:	6.17
AROON (14):	57.14
DEMA (21):	192.00
Parabolic SAR (0,02-0,02-0,2):	191.73
Elder Ray (13):	0.08
Super Trend (3,10):	192.45
Zig ZAG (10):	192.08
VORTEX (21):	1.1000
Stochastique (14,3,5):	52.91
TEMA (21):	192.05
Williams %R (14):	-51.96
Chande Momentum Oscillator (20):	0.34
Repulse (5,40,3):	-0.0600
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.33

MA7:	191.86
MA20:	191.33
MA50:	190.07
MA100:	187.32
MAexp7:	192.06
MAexp20:	192.02
MAexp50:	192.05
MAexp100:	191.96
Price / MA7:	+0.06%
Price / MA20:	+0.34%
Price / MA50:	+1.00%
Price / MA100:	+2.49%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.04%
Price / MAexp100:	+0.01%

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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