GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 07/02/2025 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 197.71 JPY

My targets

196.95 JPY (-0.37)

196.71 JPY (-0.61)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/JPY. As long as you are under the resistance located at 197.71 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 196.95 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 196.71 JPY as an objective. Crossing it would then enable sellers to target 196.29 JPY. If the resistance 197.71 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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

0.5

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 price is 197.32 JPY. The price has increased by +0.12% since the last closing and was between 197.02 JPY and 197.48 JPY. This implies that the price is at +0.15% from its lowest and at -0.08% from its highest.

197.02

197.48

197.32

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GBP/JPY:

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

Technical analysis of GBP/JPY in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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.

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 engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	196.71	196.95	197.20	197.32	197.71	198.02	198.79
Change (%)	-0.31%	-0.19%	-0.06%	-	+0.20%	+0.35%	+0.74%
Change	-0.61	-0.37	-0.12	-	+0.39	+0.70	+1.47
Level	Minor	Major	Minor	-	Minor	Minor	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	194.83	195.55	196.32	197.04	197.81	198.53	199.30
Camarilla	196.67	196.81	196.94	197.08	197.22	197.35	197.49
Woodie	194.85	195.56	196.34	197.05	197.83	198.54	199.32
Fibonacci	195.55	196.12	196.47	197.04	197.61	197.96	198.53

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

Technical indicators

Moving averages

RSI (14):	52.44
MACD (12,26,9):	-0.0200
Directional Movement:	3.86
AROON (14):	42.86
DEMA (21):	197.16
Parabolic SAR (0,02-0,02-0,2):	197.07
Elder Ray (13):	0.12
Super Trend (3,10):	196.60
Zig ZAG (10):	197.33
VORTEX (21):	1.0000
Stochastique (14,3,5):	80.72
TEMA (21):	197.28
Williams %R (14):	-20.39
Chande Momentum Oscillator (20):	0.31
Repulse (5,40,3):	0.0600
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.46

MA7:	197.81
MA20:	196.46
MA50:	194.41
MA100:	192.63
MAexp7:	197.27
MAexp20:	197.22
MAexp50:	197.41
MAexp100:	197.53
Price / MA7:	-0.25%
Price / MA20:	+0.44%
Price / MA50:	+1.50%
Price / MA100:	+2.43%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.05%
Price / MAexp50:	-0.05%
Price / MAexp100:	-0.11%

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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