GBP/JPY
-
JPY
(-)
- Real time data - Forex
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Forex |
| Ticker: | GBPJPY |
| ISIN: |
GBP/JPY - 1H - Technical analysis published on 08/07/2024 (GMT)
- 120
- 0
- 08/07/2024 - 07:16
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- Timeframe : 1H
- - Analysis generated on 08/07/2024 - 07:16
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 183.59 JPY
My targets
187.09 JPY (+0.70)
188.33 JPY (+1.94)
My analysis
The strong short-term increase of GBP/JPY should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 183.59 JPY, a purchase could be considered. The first bullish objective is located at 187.09 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 188.33 JPY. If there is any crossing, the next objective would be the resistance at 190.98 JPY. Caution, if there is a return under 183.59 JPY, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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Additional analysis
Quotes
The GBP/JPY rating is 186.39 JPY. The price has increased by +1.53% since the last closing and was between 183.40 JPY and 188.08 JPY. This implies that the price is at +1.63% from its lowest and at -0.90% from its highest.183.40
188.08
186.39
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 1H of this GBP/JPY chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 171.39 | 179.46 | 183.59 | 186.39 | 188.33 | 190.98 | 192.92 |
| Change (%) | -8.05% | -3.72% | -1.50% | - | +1.04% | +2.46% | +3.50% |
| Change | -15.00 | -6.93 | -2.80 | - | +1.94 | +4.59 | +6.53 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.61 | 180.21 | 181.90 | 184.50 | 186.19 | 188.79 | 190.48 |
| Camarilla | 182.41 | 182.80 | 183.20 | 183.59 | 183.98 | 184.38 | 184.77 |
| Woodie | 177.16 | 179.98 | 181.45 | 184.27 | 185.74 | 188.56 | 190.03 |
| Fibonacci | 180.21 | 181.85 | 182.86 | 184.50 | 186.14 | 187.15 | 188.79 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.32 | |
| MACD (12,26,9): | 0.6200 | |
| Directional Movement: | 15.27 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 186.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 184.47 | |
| Elder Ray (13): | 0.71 | |
| Super Trend (3,10): | 184.42 | |
| Zig ZAG (10): | 186.57 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 70.06 | |
| TEMA (21): | 186.69 | |
| Williams %R (14): | -29.16 | |
| Chande Momentum Oscillator (20): | 2.82 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.65 |
| MA7: | 188.93 | |
| MA20: | 197.40 | |
| MA50: | 200.24 | |
| MA100: | 197.19 | |
| MAexp7: | 186.26 | |
| MAexp20: | 185.35 | |
| MAexp50: | 185.34 | |
| MAexp100: | 187.04 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -5.58% | |
| Price / MA50: | -6.92% | |
| Price / MA100: | -5.48% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | -0.35% |
Quotes :
08/07/2024 - 07:16
-
Real time data
-
Forex
News
The last news published on GBP/JPY at the time of the generation of this analysis was as follows:
-
08/01/2024 - 16:21
GBP/JPY Forecast August 2, 2024
-
07/30/2024 - 15:55
GBP/JPY Forecast July 31, 2024
-
07/23/2024 - 15:19
GBP/JPY Forecast July 24, 2024
-
07/19/2024 - 15:45
GBP/JPY Forecast July 22, 2024
-
07/18/2024 - 16:49
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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