GBP/JPY - 15 min. - Technical analysis published on 08/02/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 190.92 JPY
My targets
188.59 JPY (-1.01)
187.25 JPY (-2.35)
My analysis
The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 190.92 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 188.59 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 187.25 JPY as an objective. Crossing it would then enable sellers to target 184.92 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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
6.1
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/JPY rating 189.60 JPY. The price is lower by -0.17% since the last closing with the lowest point at 189.00 JPY and the highest point at 190.51 JPY. The deviation from the price is +0.32% for the low point and -0.48% for the high point.189.00
190.51
189.60
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
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 92.86% 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 a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 171.39 | 179.46 | 188.33 | 189.60 | 190.98 | 192.92 | 195.83 |
| Change (%) | -9.60% | -5.35% | -0.67% | - | +0.73% | +1.75% | +3.29% |
| Change | -18.21 | -10.14 | -1.27 | - | +1.38 | +3.32 | +6.23 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Major |
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 | 184.92 | 187.25 | 188.59 | 190.92 | 192.26 | 194.59 | 195.93 |
| Camarilla | 188.91 | 189.25 | 189.58 | 189.92 | 190.26 | 190.59 | 190.93 |
| Woodie | 184.42 | 187.00 | 188.09 | 190.67 | 191.76 | 194.34 | 195.43 |
| Fibonacci | 187.25 | 188.66 | 189.52 | 190.92 | 192.33 | 193.19 | 194.59 |
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 | 171.15 | 181.67 | 187.09 | 197.61 | 203.03 | 213.55 | 218.97 |
| Camarilla | 188.14 | 189.60 | 191.06 | 192.52 | 193.98 | 195.44 | 196.90 |
| Woodie | 168.61 | 180.40 | 184.55 | 196.34 | 200.49 | 212.28 | 216.43 |
| Fibonacci | 181.67 | 187.76 | 191.52 | 197.61 | 203.70 | 207.46 | 213.55 |
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): | 45.92 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -11.75 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 189.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 189.15 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 190.12 | |
| Zig ZAG (10): | 189.64 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 65.45 | |
| TEMA (21): | 189.65 | |
| Williams %R (14): | -40.91 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.17 |
| MA7: | 194.47 | |
| MA20: | 200.68 | |
| MA50: | 201.17 | |
| MA100: | 197.39 | |
| MAexp7: | 189.68 | |
| MAexp20: | 189.77 | |
| MAexp50: | 190.06 | |
| MAexp100: | 190.67 | |
| Price / MA7: | -2.50% | |
| Price / MA20: | -5.52% | |
| Price / MA50: | -5.75% | |
| Price / MA100: | -3.95% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.56% |
Quotes :
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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:
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GBP/JPY Forecast August 2, 2024
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GBP/JPY Forecast July 31, 2024
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GBP/JPY Forecast July 24, 2024
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GBP/JPY Forecast July 22, 2024
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GBP/JPY Forecast July 19, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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