GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 01/02/2025 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 195.83 JPY
My targets
194.06 JPY (-1.53)
191.93 JPY (-3.66)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 195.83 JPY. The next bearish objective for sellers is set at 194.06 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 191.93 JPY. If there is any crossing, the next objective would be the support located at 189.29 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7

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 Bibi. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/JPY rating 195.59 JPY. On the day, this instrument lost -0.94% and was traded between 195.47 JPY and 197.48 JPY over the period. The price is currently at +0.06% from its lowest and -0.96% from its highest.

195.47
197.48
195.59

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

Central Gaps

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:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of GBP/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 183.59 189.29 191.93 195.59 195.83 196.33 196.61
Change (%) -6.14% -3.22% -1.87% - +0.12% +0.38% +0.52%
Change -12.00 -6.30 -3.66 - +0.24 +0.74 +1.02
Level Major Intermediate Minor - Major Minor Minor



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
Standard195.78196.14196.80197.16197.82198.18198.84
Camarilla197.17197.26197.36197.45197.54197.64197.73
Woodie195.92196.22196.94197.24197.96198.26198.98
Fibonacci196.14196.53196.77197.16197.55197.79198.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard194.06195.04196.77197.75199.48200.46202.19
Camarilla197.77198.01198.26198.51198.76199.01199.26
Woodie194.45195.23197.16197.94199.87200.65202.58
Fibonacci195.04196.07196.71197.75198.78199.42200.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard179.40183.75190.27194.62201.14205.49212.01
Camarilla193.81194.81195.80196.80197.80198.79199.79
Woodie180.50184.29191.37195.16202.24206.03213.11
Fibonacci183.75187.90190.46194.62198.77201.33205.49

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): 33.76
MACD (12,26,9): -0.2900
Directional Movement: -17.89
AROON (14): -85.71
DEMA (21): 196.15
Parabolic SAR (0,02-0,02-0,2): 197.12
Elder Ray (13): -0.69
Super Trend (3,10): 196.79
Zig ZAG (10): 195.68
VORTEX (21): 0.8100
Stochastique (14,3,5): 6.27
TEMA (21): 195.95
Williams %R (14): -90.78
Chande Momentum Oscillator (20): -1.79
Repulse (5,40,3): -0.2400
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.88
MA7: 197.13
MA20: 195.34
MA50: 195.47
MA100: 193.46
MAexp7: 196.00
MAexp20: 196.45
MAexp50: 196.79
MAexp100: 197.01
Price / MA7: -0.78%
Price / MA20: +0.13%
Price / MA50: +0.06%
Price / MA100: +1.10%
Price / MAexp7: -0.21%
Price / MAexp20: -0.44%
Price / MAexp50: -0.61%
Price / MAexp100: -0.73%

Quotes : - Real time data - Forex

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

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