GBP/JPY - 15 min. - Technical analysis published on 08/06/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 184.79 JPY
My targets
181.76 JPY (-1.77)
179.43 JPY (-4.10)
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 184.79 JPY. The next support located at 181.76 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 177.08 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
The GBP/JPY rating is 183.53 JPY. The price registered a decrease of -1.57% on the session and was between 182.81 JPY and 187.10 JPY. This implies that the price is at +0.39% from its lowest and at -1.91% from its highest.182.81
187.10
183.53
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
A technical analysis in 15 min. of this GBP/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 4 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
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
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 | 156.05 | 171.39 | 179.46 | 183.53 | 183.59 | 185.19 | 188.33 |
| Change (%) | -14.97% | -6.61% | -2.22% | - | +0.03% | +0.90% | +2.62% |
| Change | -27.48 | -12.14 | -4.07 | - | +0.06 | +1.66 | +4.80 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 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): | 40.85 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -14.12 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 183.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 183.04 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 184.10 | |
| Zig ZAG (10): | 183.40 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 50.83 | |
| TEMA (21): | 183.29 | |
| Williams %R (14): | -47.56 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.43 |
| MA7: | 190.53 | |
| MA20: | 198.45 | |
| MA50: | 200.51 | |
| MA100: | 197.25 | |
| MAexp7: | 183.44 | |
| MAexp20: | 183.57 | |
| MAexp50: | 183.88 | |
| MAexp100: | 184.20 | |
| Price / MA7: | -3.67% | |
| Price / MA20: | -7.52% | |
| Price / MA50: | -8.47% | |
| Price / MA100: | -6.96% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.36% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/JPY at the time of the generation of this analysis was as follows:
-
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
-
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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