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 04/15/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 191.78 JPY

My targets

192.92 JPY (+0.65)

194.24 JPY (+1.97)

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 191.78 JPY, a purchase could be considered. The first bullish objective is located at 192.92 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 194.24 JPY as an objective. Crossing it would then enable buyers to target 195.83 JPY. In the event of a return below 191.78 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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

The GBP/JPY price is 192.27 JPY. The price registered an increase of +0.80% on the session and was traded between 190.38 JPY and 192.35 JPY over the period. The price is currently at +0.99% from its lowest and -0.04% from its highest.

190.38

192.35

192.27

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	190.42	190.68	191.78	192.27	192.44	192.92	195.83
Change (%)	-0.96%	-0.83%	-0.25%	-	+0.09%	+0.34%	+1.85%
Change	-1.85	-1.59	-0.49	-	+0.17	+0.65	+3.56
Level	Minor	Major	Minor	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	187.28	188.64	189.69	191.05	192.10	193.46	194.51
Camarilla	190.09	190.31	190.53	190.75	190.97	191.19	191.41
Woodie	187.14	188.56	189.55	190.97	191.96	193.38	194.37
Fibonacci	188.64	189.56	190.13	191.05	191.97	192.54	193.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	186.50	188.24	189.50	191.24	192.50	194.24	195.50
Camarilla	189.93	190.20	190.48	190.75	191.03	191.30	191.58
Woodie	186.25	188.12	189.25	191.12	192.25	194.12	195.25
Fibonacci	188.24	189.39	190.10	191.24	192.39	193.10	194.24

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):	70.25
MACD (12,26,9):	0.2400
Directional Movement:	20.05
AROON (14):	100.00
DEMA (21):	191.86
Parabolic SAR (0,02-0,02-0,2):	191.84
Elder Ray (13):	0.50
Super Trend (3,10):	191.55
Zig ZAG (10):	192.27
VORTEX (21):	1.4400
Stochastique (14,3,5):	95.13
TEMA (21):	192.21
Williams %R (14):	-5.11
Chande Momentum Oscillator (20):	1.24
Repulse (5,40,3):	0.1000
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.37

MA7:	191.90
MA20:	191.52
MA50:	190.26
MA100:	187.41
MAexp7:	192.03
MAexp20:	191.64
MAexp50:	191.61
MAexp100:	191.69
Price / MA7:	+0.19%
Price / MA20:	+0.39%
Price / MA50:	+1.06%
Price / MA100:	+2.59%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.34%
Price / MAexp100:	+0.30%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

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

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