GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

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

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

22%

33%

44%

My opinion

Neutral between 185.25 JPY and 187.09 JPY

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bearish trend on GBP/JPY. It is difficult to advise a trading direction under these conditions. The first support is located at 185.25 JPY. The first resistance is located at 187.09 JPY. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.

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 rating is 185.96 JPY. On the day, this instrument gained +0.23% with the lowest point at 184.48 JPY and the highest point at 186.38 JPY. The deviation from the price is +0.80% for the low point and -0.23% for the high point.

184.48

186.38

185.96

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 slightly bearish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

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 support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	179.46	182.86	185.25	185.96	188.33	190.98	192.92
Change (%)	-3.50%	-1.67%	-0.38%	-	+1.27%	+2.70%	+3.74%
Change	-6.50	-3.10	-0.71	-	+2.37	+5.02	+6.96
Level	Major	Intermediate	Minor	-	Major	Minor	Intermediate

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	178.59	180.99	183.27	185.67	187.95	190.35	192.63
Camarilla	184.25	184.68	185.11	185.54	185.97	186.40	186.83
Woodie	178.52	180.96	183.20	185.64	187.88	190.32	192.56
Fibonacci	180.99	182.78	183.89	185.67	187.46	188.57	190.35

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):	50.18
MACD (12,26,9):	0.0000
Directional Movement:	-6.45
AROON (14):	-64.28
DEMA (21):	186.26
Parabolic SAR (0,02-0,02-0,2):	186.69
Elder Ray (13):	-0.07
Super Trend (3,10):	184.90
Zig ZAG (10):	186.03
VORTEX (21):	0.9500
Stochastique (14,3,5):	33.53
TEMA (21):	185.95
Williams %R (14):	-54.55
Chande Momentum Oscillator (20):	-1.36
Repulse (5,40,3):	0.1300
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	1.41

MA7:	187.38
MA20:	196.43
MA50:	199.94
MA100:	197.12
MAexp7:	185.86
MAexp20:	186.13
MAexp50:	185.93
MAexp100:	186.85
Price / MA7:	-0.76%
Price / MA20:	-5.33%
Price / MA50:	-6.99%
Price / MA100:	-5.66%
Price / MAexp7:	+0.05%
Price / MAexp20:	-0.09%
Price / MAexp50:	+0.02%
Price / MAexp100:	-0.48%

Quotes : - Real time data - Forex

News

The last news published on GBP/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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