GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

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

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 192.92 JPY

My targets

183.59 JPY (-4.52)

179.46 JPY (-8.65)

My analysis

The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 192.92 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 183.59 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 179.46 JPY as an objective. Crossing it would then enable sellers to target 171.39 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.9

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 188.11 JPY. The price has increased by +0.53% since the last closing and was traded between 186.95 JPY and 188.20 JPY over the period. The price is currently at +0.62% from its lowest and -0.05% from its highest.

186.95

188.20

188.11

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 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 Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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 scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	171.39	179.46	183.59	188.11	188.33	192.92	195.83
Change (%)	-8.89%	-4.60%	-2.40%	-	+0.12%	+2.56%	+4.10%
Change	-16.72	-8.65	-4.52	-	+0.22	+4.81	+7.72
Level	Intermediate	Major	Major	-	Major	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	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):	32.87
MACD (12,26,9):	-4.2700
Directional Movement:	-30.25
AROON (14):	-64.29
DEMA (21):	187.93
Parabolic SAR (0,02-0,02-0,2):	180.43
Elder Ray (13):	-3.03
Super Trend (3,10):	193.47
Zig ZAG (10):	188.10
VORTEX (21):	0.7300
Stochastique (14,3,5):	34.47
TEMA (21):	184.69
Williams %R (14):	-62.05
Chande Momentum Oscillator (20):	-9.50
Repulse (5,40,3):	0.8200
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	14.34

MA7:	186.68
MA20:	194.79
MA50:	199.48
MA100:	197.08
MAexp7:	188.15
MAexp20:	193.04
MAexp50:	196.76
MAexp100:	196.20
Price / MA7:	+0.77%
Price / MA20:	-3.43%
Price / MA50:	-5.70%
Price / MA100:	-4.55%
Price / MAexp7:	-0.02%
Price / MAexp20:	-2.55%
Price / MAexp50:	-4.40%
Price / MAexp100:	-4.12%

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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