GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 15 min. - Technical analysis published on 06/21/2023 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 180.82 JPY
My targets
181.70 JPY (+0.29)
182.99 JPY (+1.58)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/JPY. This is a positive signal for buyers. As long as the price remains above 180.82 JPY, a purchase could be considered. The first bullish objective is located at 181.70 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 182.99 JPY as an objective. Crossing it would then enable buyers to target 183.87 JPY. In the event of a return below 180.82 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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 pipskok. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/JPY rating is 181.41 JPY. The price has increased by +0.55% since the last closing with the lowest point at 180.42 JPY and the highest point at 181.61 JPY. The deviation from the price is +0.55% for the low point and -0.11% for the high point.

180.42
181.61
181.41

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

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 15 min. shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced 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:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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 : 15 minutes



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 178.83 179.93 181.21 181.41 182.12 195.83 221.93
Change (%) -1.42% -0.82% -0.11% - +0.39% +7.95% +22.34%
Change -2.58 -1.48 -0.20 - +0.71 +14.42 +40.52
Level Minor Intermediate Minor - Intermediate Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard177.36178.65179.53180.82181.70182.99183.87
Camarilla179.82180.02180.22180.42180.62180.82181.02
Woodie177.17178.55179.34180.72181.51182.89183.68
Fibonacci178.65179.48179.99180.82181.65182.16182.99


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.12171.73176.82179.43184.52187.13192.22
Camarilla179.78180.49181.19181.90182.61183.31184.02
Woodie170.35172.35178.05180.05185.75187.75193.45
Fibonacci171.73174.68176.49179.43182.38184.19187.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard162.80165.32169.24171.76175.68178.20182.12
Camarilla171.39171.98172.57173.16173.75174.34174.93
Woodie163.50165.67169.94172.11176.38178.55182.82
Fibonacci165.32167.78169.30171.76174.22175.74178.20

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): 78.68
MACD (12,26,9): 0.1800
Directional Movement: 39.43
AROON (14): 85.71
DEMA (21): 181.15
Parabolic SAR (0,02-0,02-0,2): 180.81
Elder Ray (13): 0.38
Super Trend (3,10): 180.89
Zig ZAG (10): 181.52
VORTEX (21): 1.2100
Stochastique (14,3,5): 77.75
TEMA (21): 181.25
Williams %R (14): -12.24
Chande Momentum Oscillator (20): 0.84
Repulse (5,40,3): 0.2300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.51
MA7: 179.82
MA20: 175.90
MA50: 171.86
MA100: 166.99
MAexp7: 181.17
MAexp20: 180.93
MAexp50: 180.74
MAexp100: 180.78
Price / MA7: +0.88%
Price / MA20: +3.13%
Price / MA50: +5.56%
Price / MA100: +8.64%
Price / MAexp7: +0.13%
Price / MAexp20: +0.27%
Price / MAexp50: +0.37%
Price / MAexp100: +0.35%

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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