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 04/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 192.01 JPY

My targets

192.92 JPY (+0.35)

194.24 JPY (+1.67)

My analysis

The basic bullish trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 192.01 JPY. Crossing the first resistance at 192.92 JPY would be a sign of a potential new surge in the price. 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. Caution, a return to below 192.01 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.5

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 192.57 JPY. On the day, this instrument gained +0.19% and was between 191.91 JPY and 192.60 JPY. This implies that the price is at +0.34% from its lowest and at -0.02% from its highest.

191.91

192.60

192.57

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

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 detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	191.66	192.01	192.44	192.57	192.92	195.83	215.53
Change (%)	-0.47%	-0.29%	-0.07%	-	+0.18%	+1.69%	+11.92%
Change	-0.91	-0.56	-0.13	-	+0.35	+3.26	+22.96
Level	Intermediate	Intermediate	Minor	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	190.49	191.08	191.65	192.24	192.81	193.40	193.97
Camarilla	191.89	192.00	192.10	192.21	192.32	192.42	192.53
Woodie	190.47	191.08	191.63	192.24	192.79	193.40	193.95
Fibonacci	191.08	191.53	191.80	192.24	192.69	192.96	193.40

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

Technical indicators

Moving averages

RSI (14):	57.79
MACD (12,26,9):	0.0400
Directional Movement:	2.34
AROON (14):	42.86
DEMA (21):	192.39
Parabolic SAR (0,02-0,02-0,2):	191.88
Elder Ray (13):	0.16
Super Trend (3,10):	192.76
Zig ZAG (10):	192.54
VORTEX (21):	1.0000
Stochastique (14,3,5):	90.12
TEMA (21):	192.42
Williams %R (14):	-5.80
Chande Momentum Oscillator (20):	0.32
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.22

MA7:	191.98
MA20:	191.51
MA50:	190.56
MA100:	187.55
MAexp7:	192.44
MAexp20:	192.35
MAexp50:	192.27
MAexp100:	192.15
Price / MA7:	+0.31%
Price / MA20:	+0.55%
Price / MA50:	+1.05%
Price / MA100:	+2.68%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.22%

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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