GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
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GBP/JPY - Daily - Technical analysis published on 01/22/2020 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 143.65 JPY

My targets

148.09 JPY (+3.71)

151.42 JPY (+7.04)

My analysis

The bullish trend is currently very strong on GBP/JPY. As long as the price remains above the support at 143.65 JPY, you could try to benefit from the boom. The first bullish objective is located at 148.09 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 151.42 JPY as an objective. Crossing it would then enable buyers to target 156.13 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

8.4

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY price is 144.38 JPY. The price registered an increase of +0.70% on the session and was between 143.33 JPY and 144.61 JPY. This implies that the price is at +0.73% from its lowest and at -0.16% from its highest.

143.33

144.61

144.38

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a 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 Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	139.65	141.46	143.65	144.38	148.09	156.13	162.19
Change (%)	-3.28%	-2.02%	-0.51%	-	+2.57%	+8.14%	+12.34%
Change	-4.73	-2.92	-0.73	-	+3.71	+11.75	+17.81
Level	Intermediate	Intermediate	Major	-	Major	Major	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
Standard	141.73	142.30	142.84	143.41	143.95	144.52	145.06
Camarilla	143.08	143.18	143.28	143.38	143.48	143.58	143.69
Woodie	141.72	142.29	142.83	143.40	143.94	144.51	145.05
Fibonacci	142.30	142.72	142.99	143.41	143.83	144.10	144.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.11	141.24	142.28	143.41	144.45	145.58	146.62
Camarilla	142.73	142.93	143.13	143.33	143.53	143.73	143.93
Woodie	140.08	141.22	142.25	143.39	144.42	145.56	146.59
Fibonacci	141.24	142.07	142.58	143.41	144.24	144.75	145.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	133.50	137.16	140.63	144.29	147.76	151.42	154.89
Camarilla	142.13	142.78	143.44	144.09	144.74	145.40	146.05
Woodie	133.40	137.11	140.53	144.24	147.66	151.37	154.79
Fibonacci	137.16	139.89	141.57	144.29	147.02	148.70	151.42

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):	58.98
MACD (12,26,9):	0.3600
Directional Movement:	9.97
AROON (14):	85.71
DEMA (21):	143.63
Parabolic SAR (0,02-0,02-0,2):	141.75
Elder Ray (13):	0.64
Super Trend (3,10):	145.64
Zig ZAG (10):	144.38
VORTEX (21):	1.0800
Stochastique (14,3,5):	76.04
TEMA (21):	143.50
Williams %R (14):	-6.12
Chande Momentum Oscillator (20):	1.59
Repulse (5,40,3):	0.9300
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	1.00

MA7:	143.53
MA20:	143.09
MA50:	142.46
MA100:	139.35
MAexp7:	143.56
MAexp20:	143.16
MAexp50:	142.08
MAexp100:	140.34
Price / MA7:	+0.59%
Price / MA20:	+0.90%
Price / MA50:	+1.35%
Price / MA100:	+3.61%
Price / MAexp7:	+0.57%
Price / MAexp20:	+0.85%
Price / MAexp50:	+1.62%
Price / MAexp100:	+2.88%

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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