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GBP/JPY
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 08/13/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 188.33 JPY
My targets
190.33 JPY (+1.00)
190.98 JPY (+1.65)
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 188.33 JPY. The next resistance located at 190.33 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 190.98 JPY. After this resistance, buyers could then target 192.92 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
0
10
8

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.

world script ltda
This analysis was given by world script ltda. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/JPY rating 189.33 JPY. On the day, this instrument gained +0.84% with the lowest point at 187.66 JPY and the highest point at 189.38 JPY. The deviation from the price is +0.89% for the low point and -0.03% for the high point.

187.66
189.38
189.33

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

Central Gaps

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

Central Records

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 strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 179.70 183.59 188.33 189.33 189.36 190.98 192.92
Change (%) -5.09% -3.03% -0.53% - +0.02% +0.87% +1.90%
Change -9.63 -5.74 -1.00 - +0.03 +1.65 +3.59
Level Major Major Major - Intermediate Minor Intermediate



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
Standard184.30185.63186.69188.02189.08190.41191.47
Camarilla187.10187.32187.54187.76187.98188.20188.42
Woodie184.18185.56186.57187.95188.96190.34191.35
Fibonacci185.63186.54187.10188.02188.93189.49190.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard173.69176.89182.01185.21190.33193.53198.65
Camarilla184.83185.60186.36187.12187.88188.65189.41
Woodie174.64177.37182.96185.69191.28194.01199.60
Fibonacci176.89180.07182.04185.21188.39190.36193.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard171.15181.67187.09197.61203.03213.55218.97
Camarilla188.14189.60191.06192.52193.98195.44196.90
Woodie168.61180.40184.55196.34200.49212.28216.43
Fibonacci181.67187.76191.52197.61203.70207.46213.55

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 71.60
MACD (12,26,9): 0.2500
Directional Movement: 23.15
AROON (14): 50.00
DEMA (21): 188.57
Parabolic SAR (0,02-0,02-0,2): 187.73
Elder Ray (13): 0.64
Super Trend (3,10): 187.90
Zig ZAG (10): 189.29
VORTEX (21): 1.1100
Stochastique (14,3,5): 85.73
TEMA (21): 188.65
Williams %R (14): -7.26
Chande Momentum Oscillator (20): 1.13
Repulse (5,40,3): 0.4000
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.21
MA7: 186.86
MA20: 193.96
MA50: 199.30
MA100: 197.05
MAexp7: 188.62
MAexp20: 188.28
MAexp50: 187.87
MAexp100: 187.61
Price / MA7: +1.32%
Price / MA20: -2.39%
Price / MA50: -5.00%
Price / MA100: -3.92%
Price / MAexp7: +0.38%
Price / MAexp20: +0.56%
Price / MAexp50: +0.78%
Price / MAexp100: +0.92%

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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