GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 07/01/2025 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 198.03 JPY

My targets

195.83 JPY (-1.30)

194.84 JPY (-2.29)

My analysis

The bearish basic trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 198.03 JPY. Crossing the first support at 195.83 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 194.84 JPY as an objective. Crossing it would then enable sellers to target 194.42 JPY. Caution, a return to above the resistance located at 198.03 JPY would be a sign of a possible consolidation phase of 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 are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.8

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 minhphuc429. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY rating is 197.13 JPY. On the day, this instrument lost -0.17% and was traded between 196.28 JPY and 197.77 JPY over the period. The price is currently at +0.43% from its lowest and -0.32% from its highest.

196.28

197.77

197.13

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 bearish. 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 several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point (Daily)

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	194.42	194.84	195.83	197.13	197.22	198.03	198.58
Change (%)	-1.37%	-1.16%	-0.66%	-	+0.05%	+0.46%	+0.74%
Change	-2.71	-2.29	-1.30	-	+0.09	+0.90	+1.45
Level	Minor	Minor	Major	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	195.72	196.46	196.97	197.71	198.22	198.96	199.47
Camarilla	197.13	197.24	197.36	197.47	197.59	197.70	197.81
Woodie	195.60	196.40	196.85	197.65	198.10	198.90	199.35
Fibonacci	196.46	196.94	197.24	197.71	198.19	198.49	198.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	193.71	194.81	196.62	197.72	199.53	200.63	202.44
Camarilla	197.64	197.91	198.17	198.44	198.71	198.97	199.24
Woodie	194.08	194.99	196.99	197.90	199.90	200.81	202.81
Fibonacci	194.81	195.92	196.61	197.72	198.83	199.52	200.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	187.78	190.26	193.86	196.34	199.94	202.42	206.02
Camarilla	195.80	196.36	196.91	197.47	198.03	198.59	199.14
Woodie	188.35	190.54	194.43	196.62	200.51	202.70	206.59
Fibonacci	190.26	192.58	194.01	196.34	198.66	200.09	202.42

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):	47.34
MACD (12,26,9):	-0.0900
Directional Movement:	-2.77
AROON (14):	50.00
DEMA (21):	197.04
Parabolic SAR (0,02-0,02-0,2):	196.69
Elder Ray (13):	-0.05
Super Trend (3,10):	196.57
Zig ZAG (10):	197.13
VORTEX (21):	0.9700
Stochastique (14,3,5):	78.39
TEMA (21):	197.11
Williams %R (14):	-32.81
Chande Momentum Oscillator (20):	0.17
Repulse (5,40,3):	-0.0200
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.07

MA7:	197.85
MA20:	196.26
MA50:	194.27
MA100:	192.58
MAexp7:	197.19
MAexp20:	197.19
MAexp50:	197.46
MAexp100:	197.58
Price / MA7:	-0.36%
Price / MA20:	+0.44%
Price / MA50:	+1.47%
Price / MA100:	+2.36%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.23%

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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