GBP/JPY
37.82
JPY
(-1.20%)
03/26/2025 - 16:34
Preopen Real time data - Forex
| Open: | 38.24 |
| Change: | -0.46 |
| Volume: | 53,082 |
| Low: | 37.78 |
| High: | 38.40 |
| High / Low range: | 0.62 |
| Type: | Forex |
| Ticker: | GBPJPY |
| ISIN: |
GBP/JPY - 1H - Technical analysis published on 11/09/2023 (GMT)
- 132
- 0
- 11/09/2023 - 09:35
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on 11/09/2023 - 09:35
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 184.55 JPY
My targets
186.61 JPY (+0.77)
187.77 JPY (+1.93)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 184.55 JPY. The buyers' bullish objective is set at 186.61 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 187.77 JPY. If there is any crossing, the next objective would be the resistance located at 195.83 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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 CarelB. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 185.84 JPY. The price has increased by +0.28% since the last closing and was between 185.25 JPY and 185.90 JPY. This implies that the price is at +0.32% from its lowest and at -0.03% from its highest.185.25
185.90
185.84
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 182.75 | 183.65 | 184.55 | 185.84 | 185.97 | 186.61 | 195.83 |
| Change (%) | -1.66% | -1.18% | -0.69% | - | +0.07% | +0.41% | +5.38% |
| Change | -3.09 | -2.19 | -1.29 | - | +0.13 | +0.77 | +9.99 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 183.56 | 184.06 | 184.69 | 185.19 | 185.82 | 186.32 | 186.95 |
| Camarilla | 185.02 | 185.12 | 185.23 | 185.33 | 185.43 | 185.54 | 185.64 |
| Woodie | 183.64 | 184.09 | 184.77 | 185.22 | 185.90 | 186.35 | 187.03 |
| Fibonacci | 184.06 | 184.49 | 184.76 | 185.19 | 185.62 | 185.89 | 186.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.77 | 179.27 | 182.02 | 183.52 | 186.27 | 187.77 | 190.52 |
| Camarilla | 183.60 | 183.99 | 184.38 | 184.77 | 185.16 | 185.55 | 185.94 |
| Woodie | 178.40 | 179.58 | 182.65 | 183.83 | 186.90 | 188.08 | 191.15 |
| Fibonacci | 179.27 | 180.89 | 181.90 | 183.52 | 185.14 | 186.15 | 187.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.57 | 175.84 | 179.85 | 182.12 | 186.13 | 188.40 | 192.41 |
| Camarilla | 182.14 | 182.72 | 183.29 | 183.87 | 184.45 | 185.02 | 185.60 |
| Woodie | 174.45 | 176.28 | 180.73 | 182.56 | 187.01 | 188.84 | 193.29 |
| Fibonacci | 175.84 | 178.24 | 179.72 | 182.12 | 184.52 | 186.00 | 188.40 |
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): | 71.32 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 18.60 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 185.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.25 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 185.18 | |
| Zig ZAG (10): | 185.84 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 70.09 | |
| TEMA (21): | 185.62 | |
| Williams %R (14): | -10.77 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.10 |
| MA7: | 184.68 | |
| MA20: | 183.09 | |
| MA50: | 182.86 | |
| MA100: | 182.87 | |
| MAexp7: | 185.55 | |
| MAexp20: | 185.41 | |
| MAexp50: | 185.22 | |
| MAexp100: | 184.88 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +1.50% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +1.62% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.52% |
Quotes :
11/09/2023 - 09:35
-
Real time data
-
Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
-
11/08/2023 - 18:29
GBP/JPY Forecast November 9, 2023
-
11/08/2023 - 15:06
GBP/JPY Technical Analysis for November 09, 2023 by FXEmpire
-
11/07/2023 - 15:25
GBP/JPY Technical Analysis for November 08, 2023 by FXEmpire
-
11/06/2023 - 15:31
GBP/JPY Technical Analysis for November 07, 2023 by FXEmpire
-
11/03/2023 - 17:42
GBP/JPY Forecast November 6, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/JPY - 1H