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GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 03/03/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 154.16 JPY
My targets
155.52 JPY (+0.57)
155.89 JPY (+0.94)
My analysis
GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 154.16 JPY. The next resistance located at 155.52 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 155.89 JPY. After this resistance, buyers could then target 156.38 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
6.4

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.

TheFuss
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 154.95 JPY. The price registered an increase of +0.12% on the session with the lowest point at 154.64 JPY and the highest point at 155.23 JPY. The deviation from the price is +0.20% for the low point and -0.18% for the high point.

154.64
155.23
154.95

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

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


A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 153.37 153.79 154.16 154.95 155.03 155.52 155.89
Change (%) -1.02% -0.75% -0.51% - +0.05% +0.37% +0.61%
Change -1.58 -1.16 -0.79 - +0.08 +0.57 +0.94
Level Intermediate Intermediate Minor - Intermediate Minor 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
Standard151.30152.06153.41154.17155.52156.28157.63
Camarilla154.18154.37154.57154.76154.95155.15155.34
Woodie151.60152.21153.71154.32155.82156.43157.93
Fibonacci152.06152.87153.36154.17154.98155.47156.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.89151.63153.30155.04156.71158.45160.12
Camarilla154.03154.35154.66154.97155.28155.60155.91
Woodie149.86151.61153.27155.02156.68158.43160.09
Fibonacci151.63152.93153.74155.04156.34157.15158.45


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard147.71150.50152.49155.28157.27160.06162.05
Camarilla153.17153.60154.04154.48154.92155.36155.80
Woodie147.31150.30152.09155.08156.87159.86161.65
Fibonacci150.50152.33153.45155.28157.11158.23160.06

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): 62.71
MACD (12,26,9): 0.3000
Directional Movement: 10.75
AROON (14): 71.43
DEMA (21): 155.10
Parabolic SAR (0,02-0,02-0,2): 155.21
Elder Ray (13): 0.07
Super Trend (3,10): 154.46
Zig ZAG (10): 154.89
VORTEX (21): 1.2200
Stochastique (14,3,5): 53.32
TEMA (21): 155.22
Williams %R (14): -52.54
Chande Momentum Oscillator (20): 0.07
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.55
MA7: 154.63
MA20: 155.76
MA50: 155.60
MA100: 154.44
MAexp7: 154.94
MAexp20: 154.69
MAexp50: 154.33
MAexp100: 154.38
Price / MA7: +0.21%
Price / MA20: -0.52%
Price / MA50: -0.42%
Price / MA100: +0.33%
Price / MAexp7: -0%
Price / MAexp20: +0.16%
Price / MAexp50: +0.40%
Price / MAexp100: +0.36%

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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