GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 195.83 JPY

My targets

200.39 JPY (+3.13)

202.98 JPY (+5.72)

My analysis

The bullish trend is currently very strong on GBP/JPY. As long as the price remains above the support at 195.83 JPY, you could try to benefit from the boom. The first bullish objective is located at 200.39 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 202.98 JPY as an objective. Crossing it would then enable buyers to target 215.53 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

Additional analysis

Quotes

The GBP/JPY price is 197.26 JPY. On the day, this instrument gained +0.12% and was between 196.86 JPY and 197.39 JPY. This implies that the price is at +0.20% from its lowest and at -0.07% from its highest.

196.86

197.39

197.26

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 Central Records scanner for higher/lower results shows the following items:

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 bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

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 : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	192.92	194.94	195.83	197.26	197.35	200.58	215.53
Change (%)	-2.20%	-1.18%	-0.72%	-	+0.05%	+1.68%	+9.26%
Change	-4.34	-2.32	-1.43	-	+0.09	+3.32	+18.27
Level	Intermediate	Minor	Minor	-	Intermediate	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	195.02	195.57	196.29	196.84	197.56	198.11	198.83
Camarilla	196.67	196.79	196.90	197.02	197.14	197.25	197.37
Woodie	195.12	195.61	196.39	196.88	197.66	198.15	198.93
Fibonacci	195.57	196.05	196.35	196.84	197.32	197.62	198.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	185.15	187.74	192.77	195.36	200.39	202.98	208.01
Camarilla	195.72	196.41	197.11	197.81	198.51	199.21	199.91
Woodie	186.38	188.35	194.00	195.97	201.62	203.59	209.24
Fibonacci	187.74	190.65	192.45	195.36	198.27	200.07	202.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	180.56	185.27	191.15	195.86	201.74	206.45	212.33
Camarilla	194.11	195.08	196.05	197.02	197.99	198.96	199.93
Woodie	181.14	185.56	191.73	196.15	202.32	206.74	212.91
Fibonacci	185.27	189.32	191.82	195.86	199.91	202.41	206.45

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):	61.58
MACD (12,26,9):	0.0900
Directional Movement:	5.08
AROON (14):	14.29
DEMA (21):	197.15
Parabolic SAR (0,02-0,02-0,2):	196.86
Elder Ray (13):	0.18
Super Trend (3,10):	197.60
Zig ZAG (10):	197.38
VORTEX (21):	1.0800
Stochastique (14,3,5):	62.62
TEMA (21):	197.14
Williams %R (14):	-5.66
Chande Momentum Oscillator (20):	0.22
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.01

MA7:	195.62
MA20:	193.14
MA50:	191.53
MA100:	188.43
MAexp7:	197.10
MAexp20:	197.01
MAexp50:	196.74
MAexp100:	196.05
Price / MA7:	+0.84%
Price / MA20:	+2.13%
Price / MA50:	+2.99%
Price / MA100:	+4.69%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.26%
Price / MAexp100:	+0.62%

Quotes : - Real time data - Forex

News

The last news published on GBP/JPY at the time of the generation of this analysis was as follows:

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

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