GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 08/06/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

50%

39%

My opinion

Bearish under 183.55 JPY

My targets

181.67 JPY (-1.83)

179.46 JPY (-4.04)

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 183.55 JPY. The sellers' bearish objective is set at 181.67 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 179.46 JPY. In case of crossing, the next objective would be the support located at 171.39 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

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY price is 183.50 JPY. The price registered a decrease of -1.58% on the session with the lowest point at 182.81 JPY and the highest point at 187.10 JPY. The deviation from the price is +0.38% for the low point and -1.92% for the high point.

182.81

187.10

183.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 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 1H of this GBP/JPY chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	156.05	171.39	179.46	183.50	183.59	185.19	188.33
Change (%)	-14.96%	-6.60%	-2.20%	-	+0.05%	+0.92%	+2.63%
Change	-27.45	-12.11	-4.04	-	+0.09	+1.69	+4.83
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

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):	42.90
MACD (12,26,9):	-0.3300
Directional Movement:	-3.74
AROON (14):	-14.28
DEMA (21):	183.60
Parabolic SAR (0,02-0,02-0,2):	183.98
Elder Ray (13):	-0.43
Super Trend (3,10):	182.42
Zig ZAG (10):	183.37
VORTEX (21):	0.9300
Stochastique (14,3,5):	29.08
TEMA (21):	183.58
Williams %R (14):	-72.22
Chande Momentum Oscillator (20):	-0.88
Repulse (5,40,3):	-0.1600
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	1.21

MA7:	190.53
MA20:	198.45
MA50:	200.51
MA100:	197.25
MAexp7:	183.61
MAexp20:	184.01
MAexp50:	184.93
MAexp100:	187.16
Price / MA7:	-3.69%
Price / MA20:	-7.53%
Price / MA50:	-8.48%
Price / MA100:	-6.97%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.28%
Price / MAexp50:	-0.77%
Price / MAexp100:	-1.96%

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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