GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 05/02/2024 (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

17%

56%

28%

My opinion

Bearish under 192.92 JPY

My targets

191.36 JPY (-1.05)

191.15 JPY (-1.26)

My analysis

The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 192.92 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 191.36 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 191.15 JPY as an objective. Crossing it would then enable sellers to target 188.33 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

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

GBP/JPY rating 192.41 JPY. The price is lower by -1.44% since the last closing and was traded between 191.85 JPY and 195.76 JPY over the period. The price is currently at +0.29% from its lowest and -1.71% from its highest.

191.85

195.76

192.41

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	183.54	188.33	191.36	192.41	192.92	194.94	195.83
Change (%)	-4.61%	-2.12%	-0.55%	-	+0.27%	+1.31%	+1.78%
Change	-8.87	-4.08	-1.05	-	+0.51	+2.53	+3.42
Level	Minor	Major	Minor	-	Intermediate	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	186.56	189.18	192.20	194.82	197.84	200.46	203.48
Camarilla	193.68	194.20	194.71	195.23	195.75	196.26	196.78
Woodie	186.77	189.28	192.41	194.92	198.05	200.56	203.69
Fibonacci	189.18	191.33	192.66	194.82	196.97	198.30	200.46

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 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):	32.66
MACD (12,26,9):	-0.9000
Directional Movement:	-22.88
AROON (14):	-71.43
DEMA (21):	192.11
Parabolic SAR (0,02-0,02-0,2):	193.79
Elder Ray (13):	-0.34
Super Trend (3,10):	193.71
Zig ZAG (10):	192.38
VORTEX (21):	0.7100
Stochastique (14,3,5):	24.06
TEMA (21):	191.84
Williams %R (14):	-78.08
Chande Momentum Oscillator (20):	-1.63
Repulse (5,40,3):	-0.0300
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	2.39

MA7:	195.28
MA20:	193.09
MA50:	191.53
MA100:	188.50
MAexp7:	192.50
MAexp20:	193.30
MAexp50:	194.60
MAexp100:	195.13
Price / MA7:	-1.47%
Price / MA20:	-0.35%
Price / MA50:	+0.46%
Price / MA100:	+2.07%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.46%
Price / MAexp50:	-1.13%
Price / MAexp100:	-1.39%

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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