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 07/01/2025 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 198.03 JPY

My targets

195.83 JPY (-1.23)

194.84 JPY (-2.22)

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 198.03 JPY. The sellers' bearish objective is set at 195.83 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 194.84 JPY. In case of crossing, the next objective would be the support located at 194.42 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

5.4

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

GBP/JPY rating 197.06 JPY. The price registered a decrease of -0.21% on the session and was traded between 196.28 JPY and 197.77 JPY over the period. The price is currently at +0.40% from its lowest and -0.36% from its highest.

196.28

197.77

197.06

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

A technical analysis in 1H of this GBP/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point (Daily)

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	194.42	194.84	195.83	197.06	197.22	198.03	198.58
Change (%)	-1.34%	-1.13%	-0.62%	-	+0.08%	+0.49%	+0.77%
Change	-2.64	-2.22	-1.23	-	+0.16	+0.97	+1.52
Level	Minor	Minor	Major	-	Major	Minor	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	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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.10
MACD (12,26,9):	-0.0900
Directional Movement:	-3.12
AROON (14):	50.00
DEMA (21):	197.03
Parabolic SAR (0,02-0,02-0,2):	196.78
Elder Ray (13):	-0.04
Super Trend (3,10):	196.57
Zig ZAG (10):	197.04
VORTEX (21):	0.9700
Stochastique (14,3,5):	64.58
TEMA (21):	197.10
Williams %R (14):	-39.84
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	-0.1000
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.06

MA7:	197.85
MA20:	196.26
MA50:	194.27
MA100:	192.58
MAexp7:	197.16
MAexp20:	197.18
MAexp50:	197.44
MAexp100:	197.57
Price / MA7:	-0.40%
Price / MA20:	+0.41%
Price / MA50:	+1.44%
Price / MA100:	+2.33%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.19%
Price / MAexp100:	-0.26%

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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