GBP/JPY - 15 min. - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 193.17 JPY
My targets
190.58 JPY (-1.42)
189.13 JPY (-2.87)
My analysis
The bearish basic trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 193.17 JPY. Crossing the first support at 190.58 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 189.13 JPY as an objective. Crossing it would then enable sellers to target 186.54 JPY. Caution, a return to above the resistance located at 193.17 JPY would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The GBP/JPY price is 192.00 JPY. The price registered a decrease of -0.02% on the session with the lowest point at 191.36 JPY and the highest point at 192.58 JPY. The deviation from the price is +0.33% for the low point and -0.30% for the high point.191.36
192.58
192.00
Here is a more detailed summary of the historical variations registered by GBP/JPY:
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
A technical analysis in 15 min. of this GBP/JPY chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 188.33 | 190.83 | 191.81 | 192.00 | 192.92 | 194.91 | 195.83 |
| Change (%) | -1.91% | -0.61% | -0.10% | - | +0.48% | +1.52% | +1.99% |
| Change | -3.67 | -1.17 | -0.19 | - | +0.92 | +2.91 | +3.83 |
| Level | Major | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 186.54 | 189.13 | 190.58 | 193.17 | 194.62 | 197.21 | 198.66 |
| Camarilla | 190.92 | 191.29 | 191.66 | 192.03 | 192.40 | 192.77 | 193.14 |
| Woodie | 185.97 | 188.85 | 190.01 | 192.89 | 194.05 | 196.93 | 198.09 |
| Fibonacci | 189.13 | 190.67 | 191.63 | 193.17 | 194.71 | 195.67 | 197.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.15 | 187.74 | 192.77 | 195.36 | 200.39 | 202.98 | 208.01 |
| Camarilla | 195.72 | 196.41 | 197.11 | 197.81 | 198.51 | 199.21 | 199.91 |
| Woodie | 186.38 | 188.35 | 194.00 | 195.97 | 201.62 | 203.59 | 209.24 |
| Fibonacci | 187.74 | 190.65 | 192.45 | 195.36 | 198.27 | 200.07 | 202.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.56 | 185.27 | 191.15 | 195.86 | 201.74 | 206.45 | 212.33 |
| Camarilla | 194.11 | 195.08 | 196.05 | 197.02 | 197.99 | 198.96 | 199.93 |
| Woodie | 181.14 | 185.56 | 191.73 | 196.15 | 202.32 | 206.74 | 212.91 |
| Fibonacci | 185.27 | 189.32 | 191.82 | 195.86 | 199.91 | 202.41 | 206.45 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.15 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -10.29 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 191.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 192.29 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 192.41 | |
| Zig ZAG (10): | 191.92 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 38.25 | |
| TEMA (21): | 191.75 | |
| Williams %R (14): | -66.39 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.53 |
| MA7: | 195.01 | |
| MA20: | 193.09 | |
| MA50: | 191.54 | |
| MA100: | 188.62 | |
| MAexp7: | 191.85 | |
| MAexp20: | 191.99 | |
| MAexp50: | 192.13 | |
| MAexp100: | 192.55 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | +1.79% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
-
GBP/JPY Forecast May 3, 2024
-
GBP/JPY Forecast April 30, 2024
-
GBP/JPY Forecast April 25, 2024
-
GBP/JPY Forecast April 18, 2024
-
GBP/JPY Forecast April 17, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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