GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 07/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 198.13 JPY

My targets

197.20 JPY (-0.33)

195.83 JPY (-1.70)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 198.13 JPY. The sellers' bearish objective is set at 197.20 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 195.83 JPY. In case of crossing, the next objective would be the support located at 192.92 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.4

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/JPY rating 197.53 JPY. The price registered a decrease of -0.41% on the session and was traded between 197.42 JPY and 198.62 JPY over the period. The price is currently at +0.06% from its lowest and -0.55% from its highest.

197.42

198.62

197.53

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Technical indicators are bearish. There is still some doubt about the decline in the price.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	192.92	195.83	197.20	197.53	198.13	199.15	200.65
Change (%)	-2.33%	-0.86%	-0.17%	-	+0.30%	+0.82%	+1.58%
Change	-4.61	-1.70	-0.33	-	+0.60	+1.62	+3.12
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	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	196.76	197.13	197.73	198.10	198.70	199.07	199.67
Camarilla	198.07	198.16	198.25	198.34	198.43	198.52	198.61
Woodie	196.89	197.19	197.86	198.16	198.83	199.13	199.80
Fibonacci	197.13	197.50	197.73	198.10	198.47	198.70	199.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	186.86	191.36	194.61	199.11	202.36	206.86	210.11
Camarilla	195.73	196.44	197.15	197.86	198.57	199.28	199.99
Woodie	186.24	191.05	193.99	198.80	201.74	206.55	209.49
Fibonacci	191.36	194.32	196.15	199.11	202.07	203.90	206.86

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):	46.21
MACD (12,26,9):	-0.0200
Directional Movement:	-11.46
AROON (14):	78.57
DEMA (21):	197.93
Parabolic SAR (0,02-0,02-0,2):	198.63
Elder Ray (13):	-0.20
Super Trend (3,10):	199.05
Zig ZAG (10):	197.69
VORTEX (21):	1.0200
Stochastique (14,3,5):	46.52
TEMA (21):	197.90
Williams %R (14):	-59.88
Chande Momentum Oscillator (20):	-0.32
Repulse (5,40,3):	-0.2600
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.38

MA7:	199.10
MA20:	203.08
MA50:	201.74
MA100:	197.37
MAexp7:	197.83
MAexp20:	197.93
MAexp50:	198.13
MAexp100:	199.04
Price / MA7:	-0.79%
Price / MA20:	-2.73%
Price / MA50:	-2.09%
Price / MA100:	+0.08%
Price / MAexp7:	-0.15%
Price / MAexp20:	-0.20%
Price / MAexp50:	-0.30%
Price / MAexp100:	-0.76%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on GBP/JPY. At the time of publication of this analysis, the latest news was as follows:

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

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