GBP/JPY - 15 min. - Technical analysis published on 08/06/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 184.79 JPY
My targets
183.55 JPY (-0.30)
181.76 JPY (-2.09)
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 184.79 JPY. The sellers' bearish objective is set at 183.55 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 181.76 JPY. In case of crossing, the next objective would be the support located at 177.08 JPY.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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
The GBP/JPY price is 183.85 JPY. The price is lower by -1.39% since the last closing with the lowest point at 183.48 JPY and the highest point at 187.10 JPY. The deviation from the price is +0.20% for the low point and -1.74% for the high point.183.48
187.10
183.85
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in 15 min. shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
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 | 171.39 | 179.46 | 183.59 | 183.85 | 185.19 | 188.33 | 190.98 |
| Change (%) | -6.78% | -2.39% | -0.14% | - | +0.73% | +2.44% | +3.88% |
| Change | -12.46 | -4.39 | -0.26 | - | +1.34 | +4.48 | +7.13 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | 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 | 174.05 | 177.08 | 181.76 | 184.79 | 189.47 | 192.50 | 197.18 |
| Camarilla | 184.33 | 185.04 | 185.74 | 186.45 | 187.16 | 187.86 | 188.57 |
| Woodie | 174.89 | 177.49 | 182.60 | 185.20 | 190.31 | 192.91 | 198.02 |
| Fibonacci | 177.08 | 180.02 | 181.84 | 184.79 | 187.73 | 189.55 | 192.50 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.54 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -14.61 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 184.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.08 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 185.69 | |
| Zig ZAG (10): | 183.77 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 9.70 | |
| TEMA (21): | 183.81 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -2.27 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.09 |
| MA7: | 190.59 | |
| MA20: | 198.48 | |
| MA50: | 200.52 | |
| MA100: | 197.26 | |
| MAexp7: | 184.18 | |
| MAexp20: | 184.82 | |
| MAexp50: | 184.97 | |
| MAexp100: | 184.90 | |
| Price / MA7: | -3.54% | |
| Price / MA20: | -7.37% | |
| Price / MA50: | -8.31% | |
| Price / MA100: | -6.80% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -0.57% |
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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