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 07/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 198.13 JPY

My targets

200.06 JPY (+1.52)

200.65 JPY (+2.11)

My analysis

The strong short-term increase in GBP/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 198.13 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 200.06 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 200.65 JPY as an objective. Crossing it would then enable buyers to target 201.88 JPY. Caution, a return under 198.13 JPY could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

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 OzO. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY price is 198.54 JPY. On the day, this instrument gained +0.48% with the lowest point at 197.21 JPY and the highest point at 198.67 JPY. The deviation from the price is +0.67% for the low point and -0.07% for the high point.

197.21

198.67

198.54

Here is a more detailed summary of the historical variations registered by GBP/JPY:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this GBP/JPY chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	192.92	195.83	198.13	198.54	200.65	201.88	204.24
Change (%)	-2.83%	-1.36%	-0.21%	-	+1.06%	+1.68%	+2.87%
Change	-5.62	-2.71	-0.41	-	+2.11	+3.34	+5.70
Level	Minor	Major	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	193.08	194.47	196.03	197.42	198.98	200.37	201.93
Camarilla	196.78	197.05	197.32	197.59	197.86	198.13	198.40
Woodie	193.17	194.51	196.12	197.46	199.07	200.41	202.02
Fibonacci	194.47	195.60	196.29	197.42	198.55	199.24	200.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	198.03	200.06	201.72	203.75	205.41	207.44	209.10
Camarilla	202.36	202.69	203.03	203.37	203.71	204.05	204.39
Woodie	197.84	199.97	201.53	203.66	205.22	207.35	208.91
Fibonacci	200.06	201.47	202.34	203.75	205.16	206.03	207.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	192.81	195.00	199.20	201.39	205.59	207.78	211.98
Camarilla	201.63	202.22	202.80	203.39	203.98	204.56	205.15
Woodie	193.81	195.50	200.20	201.89	206.59	208.28	212.98
Fibonacci	195.00	197.44	198.95	201.39	203.83	205.34	207.78

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):	57.89
MACD (12,26,9):	0.0700
Directional Movement:	6.60
AROON (14):	64.29
DEMA (21):	197.90
Parabolic SAR (0,02-0,02-0,2):	197.23
Elder Ray (13):	0.48
Super Trend (3,10):	196.83
Zig ZAG (10):	198.40
VORTEX (21):	1.1700
Stochastique (14,3,5):	79.74
TEMA (21):	198.23
Williams %R (14):	-17.69
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	0.2200
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.07

MA7:	200.75
MA20:	203.76
MA50:	201.78
MA100:	197.19
MAexp7:	198.07
MAexp20:	197.87
MAexp50:	198.28
MAexp100:	199.48
Price / MA7:	-1.10%
Price / MA20:	-2.56%
Price / MA50:	-1.61%
Price / MA100:	+0.68%
Price / MAexp7:	+0.24%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.13%
Price / MAexp100:	-0.47%

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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