GBP/JPY - 15 min. - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 183.55 JPY
My targets
179.46 JPY (-2.06)
179.43 JPY (-2.09)
My analysis
GBP/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 183.55 JPY. The next support located at 179.46 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 179.43 JPY. Below this support, sellers could then target 171.39 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY rating is 181.52 JPY. The price registered a decrease of -3.28% on the session and was traded between 180.10 JPY and 187.81 JPY over the period. The price is currently at +0.79% from its lowest and -3.35% from its highest.180.10
187.81
181.52
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 156.05 | 171.39 | 179.46 | 181.52 | 183.59 | 188.33 | 190.98 |
| Change (%) | -14.03% | -5.58% | -1.13% | - | +1.14% | +3.75% | +5.21% |
| Change | -25.47 | -10.13 | -2.06 | - | +2.07 | +6.81 | +9.46 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 183.42 | 185.40 | 186.54 | 188.52 | 189.66 | 191.64 | 192.78 |
| Camarilla | 186.81 | 187.10 | 187.38 | 187.67 | 187.96 | 188.24 | 188.53 |
| Woodie | 182.99 | 185.19 | 186.11 | 188.31 | 189.23 | 191.43 | 192.35 |
| Fibonacci | 185.40 | 186.60 | 187.33 | 188.52 | 189.72 | 190.45 | 191.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.47 | 179.43 | 183.55 | 191.51 | 195.63 | 203.59 | 207.71 |
| Camarilla | 184.35 | 185.46 | 186.56 | 187.67 | 188.78 | 189.89 | 190.99 |
| Woodie | 169.55 | 178.47 | 181.63 | 190.55 | 193.71 | 202.63 | 205.79 |
| Fibonacci | 179.43 | 184.05 | 186.90 | 191.51 | 196.13 | 198.98 | 203.59 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.23 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -8.10 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 181.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 182.63 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 183.51 | |
| Zig ZAG (10): | 181.53 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 51.81 | |
| TEMA (21): | 181.60 | |
| Williams %R (14): | -41.36 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.74 |
| MA7: | 191.92 | |
| MA20: | 199.36 | |
| MA50: | 200.76 | |
| MA100: | 197.29 | |
| MAexp7: | 181.77 | |
| MAexp20: | 182.05 | |
| MAexp50: | 183.34 | |
| MAexp100: | 185.11 | |
| Price / MA7: | -5.42% | |
| Price / MA20: | -8.95% | |
| Price / MA50: | -9.58% | |
| Price / MA100: | -7.99% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -1.94% |
Quotes :
-
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
-
GBP/JPY Forecast July 22, 2024
-
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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