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 05/14/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 195.83 JPY

My targets

197.81 JPY (+1.45)

200.08 JPY (+3.72)

My analysis

The bullish trend is currently very strong on GBP/JPY. As long as the price remains above the support at 195.83 JPY, you could try to benefit from the boom. The first bullish objective is located at 197.81 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 200.08 JPY as an objective. Crossing it would then enable buyers to target 215.53 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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 196.36 JPY. The price registered an increase of +0.07% on the session and was traded between 196.19 JPY and 196.49 JPY over the period. The price is currently at +0.09% from its lowest and -0.07% from its highest.

196.19

196.49

196.36

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	194.85	195.83	196.28	196.36	197.81	215.53
Change (%)	-0.77%	-0.27%	-0.04%	-	+0.74%	+9.76%
Change	-1.51	-0.53	-0.08	-	+1.45	+19.17
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate

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	193.69	194.22	195.22	195.75	196.75	197.28	198.28
Camarilla	195.80	195.94	196.08	196.22	196.36	196.50	196.64
Woodie	193.93	194.34	195.46	195.87	196.99	197.40	198.52
Fibonacci	194.22	194.80	195.17	195.75	196.33	196.70	197.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	189.10	190.39	192.76	194.05	196.42	197.71	200.08
Camarilla	194.11	194.45	194.79	195.12	195.46	195.79	196.13
Woodie	189.63	190.66	193.29	194.32	196.95	197.98	200.61
Fibonacci	190.39	191.79	192.66	194.05	195.45	196.32	197.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	180.56	185.27	191.15	195.86	201.74	206.45	212.33
Camarilla	194.11	195.08	196.05	197.02	197.99	198.96	199.93
Woodie	181.14	185.56	191.73	196.15	202.32	206.74	212.91
Fibonacci	185.27	189.32	191.82	195.86	199.91	202.41	206.45

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.29
MACD (12,26,9):	0.2800
Directional Movement:	16.02
AROON (14):	78.57
DEMA (21):	196.46
Parabolic SAR (0,02-0,02-0,2):	196.10
Elder Ray (13):	0.16
Super Trend (3,10):	195.91
Zig ZAG (10):	196.38
VORTEX (21):	1.3200
Stochastique (14,3,5):	84.81
TEMA (21):	196.53
Williams %R (14):	-24.00
Chande Momentum Oscillator (20):	0.16
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.52

MA7:	194.81
MA20:	194.09
MA50:	192.15
MA100:	189.58
MAexp7:	196.34
MAexp20:	196.09
MAexp50:	195.61
MAexp100:	195.16
Price / MA7:	+0.80%
Price / MA20:	+1.17%
Price / MA50:	+2.19%
Price / MA100:	+3.58%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.38%
Price / MAexp100:	+0.61%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news was as follows:

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

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