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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 11/02/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 182.59 JPY
My targets
183.64 JPY (+0.32)
184.38 JPY (+1.06)
My analysis
A bullish trend on GBP/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 182.59 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 183.64 JPY. Then the price could move towards 184.38 JPY. Then 186.61 JPY by extension. Be careful, a return below 182.59 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.5

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.

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

Additional analysis

Quotes

GBP/JPY rating 183.32 JPY. On the day, this instrument lost -0.06% and was traded between 182.75 JPY and 183.45 JPY over the period. The price is currently at +0.31% from its lowest and -0.07% from its highest.

182.75
183.45
183.32

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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

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


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/JPY chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 181.62 182.06 182.59 183.32 183.64 184.38 186.61
Change (%) -0.93% -0.69% -0.40% - +0.17% +0.58% +1.79%
Change -1.70 -1.26 -0.73 - +0.32 +1.06 +3.29
Level Minor Minor Intermediate - Major Intermediate Major



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
Standard181.83182.39182.90183.46183.97184.53185.04
Camarilla183.13183.22183.32183.42183.52183.62183.71
Woodie181.82182.38182.89183.45183.96184.52185.03
Fibonacci182.39182.80183.05183.46183.87184.12184.53


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard177.63179.33180.35182.05183.07184.77185.79
Camarilla180.61180.86181.11181.36181.61181.86182.11
Woodie177.28179.16180.00181.88182.72184.60185.44
Fibonacci179.33180.37181.01182.05183.09183.73184.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard173.57175.84179.85182.12186.13188.40192.41
Camarilla182.14182.72183.29183.87184.45185.02185.60
Woodie174.45176.28180.73182.56187.01188.84193.29
Fibonacci175.84178.24179.72182.12184.52186.00188.40

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): 49.69
MACD (12,26,9): -0.0600
Directional Movement: -4.89
AROON (14): -64.28
DEMA (21): 183.17
Parabolic SAR (0,02-0,02-0,2): 183.52
Elder Ray (13): -0.02
Super Trend (3,10): 183.73
Zig ZAG (10): 183.24
VORTEX (21): 1.0100
Stochastique (14,3,5): 45.12
TEMA (21): 183.06
Williams %R (14): -35.37
Chande Momentum Oscillator (20): -0.01
Repulse (5,40,3): 0.2200
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.12
MA7: 182.49
MA20: 182.44
MA50: 182.81
MA100: 182.68
MAexp7: 183.18
MAexp20: 183.24
MAexp50: 183.16
MAexp100: 182.85
Price / MA7: +0.45%
Price / MA20: +0.48%
Price / MA50: +0.28%
Price / MA100: +0.35%
Price / MAexp7: +0.08%
Price / MAexp20: +0.04%
Price / MAexp50: +0.09%
Price / MAexp100: +0.26%

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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