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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
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GBP/JPY - 1H - Technical analysis published on 07/01/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 203.59 JPY
My targets
205.15 JPY (+1.01)
206.71 JPY (+2.57)
My analysis
The basic bullish trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 203.59 JPY. Crossing the first resistance at 205.15 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 206.71 JPY as an objective. Crossing it would then enable buyers to target 215.53 JPY. Caution, a return to below 203.59 JPY would be a sign of a consolidation phase in 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1

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.

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

Additional analysis

Quotes

GBP/JPY rating 204.14 JPY. The price registered an increase of +0.37% on the session and was traded between 203.01 JPY and 204.74 JPY over the period. The price is currently at +0.56% from its lowest and -0.29% from its highest.

203.01
204.74
204.14

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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
Price


S3S2S1PriceR1
ProTrendLines 202.14 202.70 203.59 204.14 215.53
Change (%) -0.98% -0.71% -0.27% - +5.58%
Change -2.00 -1.44 -0.55 - +11.39
Level Minor Intermediate Intermediate - Intermediate



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
Standard201.76202.16202.78203.18203.80204.20204.82
Camarilla203.11203.20203.30203.39203.48203.58203.67
Woodie201.86202.22202.88203.24203.90204.26204.92
Fibonacci202.16202.55202.79203.18203.57203.81204.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard199.39200.27201.83202.71204.27205.15206.71
Camarilla202.72202.94203.17203.39203.61203.84204.06
Woodie199.73200.44202.17202.88204.61205.32207.05
Fibonacci200.27201.20201.78202.71203.64204.22205.15


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard192.81195.00199.20201.39205.59207.78211.98
Camarilla201.63202.22202.80203.39203.98204.56205.15
Woodie193.81195.50200.20201.89206.59208.28212.98
Fibonacci195.00197.44198.95201.39203.83205.34207.78

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): 54.66
MACD (12,26,9): 0.1500
Directional Movement: 13.12
AROON (14): 35.71
DEMA (21): 204.33
Parabolic SAR (0,02-0,02-0,2): 204.47
Elder Ray (13): -0.05
Super Trend (3,10): 203.72
Zig ZAG (10): 204.13
VORTEX (21): 1.1100
Stochastique (14,3,5): 26.40
TEMA (21): 204.29
Williams %R (14): -83.56
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): -0.0600
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.13
MA7: 202.94
MA20: 201.03
MA50: 198.48
MA100: 194.57
MAexp7: 204.19
MAexp20: 204.11
MAexp50: 203.77
MAexp100: 203.33
Price / MA7: +0.59%
Price / MA20: +1.55%
Price / MA50: +2.85%
Price / MA100: +4.92%
Price / MAexp7: -0.02%
Price / MAexp20: +0.01%
Price / MAexp50: +0.18%
Price / MAexp100: +0.40%

Quotes : - Real time data - Forex

News


The last news published on GBP/JPY at the time of the generation of this analysis was as follows:

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

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