GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Change: -
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High / Low range: -
Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 03/07/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 151.47 JPY
My targets
150.14 JPY (-1.00)
149.26 JPY (-1.88)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 151.47 JPY. The sellers' bearish objective is set at 150.14 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 149.26 JPY. In case of crossing, the next objective would be the support located at 144.47 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1

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

Additional analysis

Quotes

GBP/JPY rating 151.14 JPY. The price is lower by -0.60% since the last closing and was traded between 151.04 JPY and 152.24 JPY over the period. The price is currently at +0.07% from its lowest and -0.72% from its highest.

151.04
152.24
151.14

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.

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, which identifies the highest / lowest, has detected several elements:

Central Records

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


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of GBP/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 144.47 149.26 150.14 151.14 151.47 152.07 153.33
Change (%) -4.41% -1.24% -0.66% - +0.22% +0.62% +1.45%
Change -6.67 -1.88 -1.00 - +0.33 +0.93 +2.19
Level Minor Major Minor - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard148.18149.82150.94152.58153.70155.34156.46
Camarilla151.29151.54151.80152.05152.30152.56152.81
Woodie147.91149.69150.67152.45153.43155.21156.19
Fibonacci149.82150.88151.53152.58153.64154.29155.34


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard146.84149.16150.60152.92154.36156.68158.12
Camarilla151.02151.36151.71152.05152.40152.74153.08
Woodie146.41148.94150.17152.70153.93156.46157.69
Fibonacci149.16150.59151.48152.92154.35155.24156.68


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 35.86
MACD (12,26,9): -0.3100
Directional Movement: -13.35
AROON (14): -50.00
DEMA (21): 151.07
Parabolic SAR (0,02-0,02-0,2): 151.91
Elder Ray (13): -0.20
Super Trend (3,10): 152.04
Zig ZAG (10): 151.14
VORTEX (21): 0.9400
Stochastique (14,3,5): 7.69
TEMA (21): 151.12
Williams %R (14): -91.45
Chande Momentum Oscillator (20): -0.43
Repulse (5,40,3): -0.0300
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 0.64
MA7: 153.53
MA20: 155.31
MA50: 155.50
MA100: 154.33
MAexp7: 151.22
MAexp20: 151.50
MAexp50: 152.17
MAexp100: 152.90
Price / MA7: -1.56%
Price / MA20: -2.68%
Price / MA50: -2.80%
Price / MA100: -2.07%
Price / MAexp7: -0.05%
Price / MAexp20: -0.24%
Price / MAexp50: -0.68%
Price / MAexp100: -1.15%

Quotes : - Real time data - Forex

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

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