GBP/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 08/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 187.09 JPY

My targets

188.33 JPY (+0.28)

190.33 JPY (+2.28)

My analysis

GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 187.09 JPY. The next resistance located at 188.33 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 190.33 JPY. After this resistance, buyers could then target 190.98 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

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

GBP/JPY rating 188.05 JPY. On the day, this instrument gained +0.50% and was between 186.95 JPY and 188.20 JPY. This implies that the price is at +0.59% from its lowest and at -0.08% from its highest.

186.95

188.20

188.05

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 study of the highest / lowest by the Central Records scanner shows the following results:

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 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	179.46	183.59	186.45	188.05	188.33	190.98	192.92
Change (%)	-4.57%	-2.37%	-0.85%	-	+0.15%	+1.56%	+2.59%
Change	-8.59	-4.46	-1.60	-	+0.28	+2.93	+4.87
Level	Major	Major	Intermediate	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	184.45	185.46	186.29	187.30	188.13	189.14	189.97
Camarilla	186.61	186.78	186.95	187.12	187.29	187.46	187.63
Woodie	184.36	185.42	186.20	187.26	188.04	189.10	189.88
Fibonacci	185.46	186.16	186.60	187.30	188.00	188.44	189.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	173.69	176.89	182.01	185.21	190.33	193.53	198.65
Camarilla	184.83	185.60	186.36	187.12	187.88	188.65	189.41
Woodie	174.64	177.37	182.96	185.69	191.28	194.01	199.60
Fibonacci	176.89	180.07	182.04	185.21	188.39	190.36	193.53

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):	66.62
MACD (12,26,9):	0.1800
Directional Movement:	12.88
AROON (14):	78.57
DEMA (21):	187.72
Parabolic SAR (0,02-0,02-0,2):	186.90
Elder Ray (13):	0.45
Super Trend (3,10):	187.08
Zig ZAG (10):	188.09
VORTEX (21):	1.0700
Stochastique (14,3,5):	94.34
TEMA (21):	187.75
Williams %R (14):	-8.59
Chande Momentum Oscillator (20):	0.97
Repulse (5,40,3):	0.2500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.68

MA7:	186.68
MA20:	194.79
MA50:	199.48
MA100:	197.08
MAexp7:	187.77
MAexp20:	187.52
MAexp50:	187.20
MAexp100:	187.17
Price / MA7:	+0.73%
Price / MA20:	-3.46%
Price / MA50:	-5.73%
Price / MA100:	-4.58%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.45%
Price / MAexp100:	+0.47%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

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

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