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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 - Weekly - Technical analysis published on 08/16/2024 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 188.33 JPY
My targets
195.83 JPY (+4.05)
207.71 JPY (+15.93)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 188.33 JPY remains possible. It is advisable to trade GBP/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 188.33 JPY. The next bullish objective for buyers is set at 195.83 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 207.71 JPY. If there is any crossing, the next objective would be the resistance located at 215.53 JPY. PS: if there is a bearish break in the support located at 188.33 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7

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.

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15 min. 1H Daily

Additional analysis

Quotes

The GBP/JPY rating is 191.78 JPY. The price registered an increase of +2.49% over 5 days with the lowest point at 186.95 JPY and the highest point at 192.03 JPY. The deviation from the price is +2.58% for the low point and -0.13% for the high point.

186.95
192.03
191.78

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/JPY:

Technical


Technical analysis of this Weekly chart of GBP/JPY indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Weekly



In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Weekly



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 171.39 179.70 188.33 191.78 195.83 207.71 215.53
Change (%) -10.63% -6.30% -1.80% - +2.11% +8.31% +12.38%
Change -20.39 -12.08 -3.45 - +4.05 +15.93 +23.75
Level Intermediate Major Major - Major Intermediate Minor



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
Standard186.47187.61189.75190.89193.03194.17196.31
Camarilla190.99191.29191.59191.89192.19192.49192.79
Woodie186.97187.86190.25191.14193.53194.42196.81
Fibonacci187.61188.86189.64190.89192.14192.92194.17


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 46.19
MACD (12,26,9): 1.1900
Directional Movement: -10.48
AROON (14): -28.57
DEMA (21): 198.02
Parabolic SAR (0,02-0,02-0,2): 205.44
Elder Ray (13): -6.44
Super Trend (3,10): 199.45
Zig ZAG (10): 191.94
VORTEX (21): 0.9700
Stochastique (14,3,5): 22.89
TEMA (21): 196.06
Williams %R (14): -57.89
Chande Momentum Oscillator (20): -8.01
Repulse (5,40,3): 0.2800
ROCnROLL: -1
TRIX (15,9): 0.2400
Courbe Coppock: 1.41
MA7: 189.26
MA20: 192.11
MA50: 198.79
MA100: 197.05
MAexp7: 194.47
MAexp20: 195.54
MAexp50: 190.27
MAexp100: 181.80
Price / MA7: +1.33%
Price / MA20: -0.17%
Price / MA50: -3.53%
Price / MA100: -2.67%
Price / MAexp7: -1.38%
Price / MAexp20: -1.92%
Price / MAexp50: +0.79%
Price / MAexp100: +5.49%

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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