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 05/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 196.28 JPY

My targets

197.81 JPY (+0.88)

200.08 JPY (+3.15)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 196.28 JPY. The buyers' bullish objective is set at 197.81 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 200.08 JPY. If there is any crossing, the next objective would be the resistance located at 215.53 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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 196.93 JPY. The price has increased by +0.36% since the last closing and was traded between 195.72 JPY and 197.06 JPY over the period. The price is currently at +0.62% from its lowest and -0.07% from its highest.

195.72

197.06

196.93

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

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

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
ProTrendLines	194.85	195.83	196.28	196.93	197.81	215.53
Change (%)	-1.06%	-0.56%	-0.33%	-	+0.45%	+9.44%
Change	-2.08	-1.10	-0.65	-	+0.88	+18.60
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate

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

Technical indicators

Moving averages

RSI (14):	68.07
MACD (12,26,9):	0.2700
Directional Movement:	12.64
AROON (14):	50.00
DEMA (21):	197.00
Parabolic SAR (0,02-0,02-0,2):	196.33
Elder Ray (13):	0.13
Super Trend (3,10):	196.36
Zig ZAG (10):	196.91
VORTEX (21):	1.1400
Stochastique (14,3,5):	91.79
TEMA (21):	197.03
Williams %R (14):	-10.45
Chande Momentum Oscillator (20):	0.80
Repulse (5,40,3):	0.0400
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.60

MA7:	194.89
MA20:	194.12
MA50:	192.16
MA100:	189.58
MAexp7:	196.90
MAexp20:	196.64
MAexp50:	196.13
MAexp100:	195.58
Price / MA7:	+1.05%
Price / MA20:	+1.45%
Price / MA50:	+2.48%
Price / MA100:	+3.88%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.69%

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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