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GBP/JPY
GBP JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPJPY
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GBP/JPY - 1H - Technical analysis published on 07/19/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 203.85 JPY
My targets
202.83 JPY (-0.64)
202.10 JPY (-1.37)
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 203.85 JPY. Crossing the first support at 202.83 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 202.10 JPY as an objective. Crossing it would then enable sellers to target 200.65 JPY. Caution, a return to above the resistance located at 203.85 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2

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.

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

Additional analysis

Quotes

GBP/JPY rating 203.47 JPY. The price registered a decrease of -0.03% on the session and was between 203.09 JPY and 204.23 JPY. This implies that the price is at +0.19% from its lowest and at -0.37% from its highest.

203.09
204.23
203.47

A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/JPY in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 202.10 202.83 203.39 203.47 203.85 204.57 205.22
Change (%) -0.67% -0.31% -0.04% - +0.19% +0.54% +0.86%
Change -1.37 -0.64 -0.08 - +0.38 +1.10 +1.75
Level Major Minor Minor - 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
Standard200.91201.58202.55203.22204.19204.86205.83
Camarilla203.08203.23203.38203.53203.68203.83203.98
Woodie201.07201.66202.71203.30204.35204.94205.99
Fibonacci201.58202.20202.59203.22203.84204.23204.86


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard198.97201.40203.25205.68207.53209.96211.81
Camarilla203.91204.31204.70205.09205.48205.88206.27
Woodie198.67201.26202.95205.54207.23209.82211.51
Fibonacci201.40203.04204.05205.68207.32208.33209.96


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): 49.23
MACD (12,26,9): 0.0500
Directional Movement: -3.30
AROON (14): -14.29
DEMA (21): 203.66
Parabolic SAR (0,02-0,02-0,2): 204.23
Elder Ray (13): -0.28
Super Trend (3,10): 203.13
Zig ZAG (10): 203.56
VORTEX (21): 1.0000
Stochastique (14,3,5): 49.80
TEMA (21): 203.81
Williams %R (14): -57.02
Chande Momentum Oscillator (20): -0.14
Repulse (5,40,3): 0.0100
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.12
MA7: 204.26
MA20: 204.57
MA50: 201.49
MA100: 196.71
MAexp7: 203.66
MAexp20: 203.61
MAexp50: 203.77
MAexp100: 204.24
Price / MA7: -0.39%
Price / MA20: -0.54%
Price / MA50: +0.98%
Price / MA100: +3.44%
Price / MAexp7: -0.09%
Price / MAexp20: -0.07%
Price / MAexp50: -0.15%
Price / MAexp100: -0.38%

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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