GBP/JPY - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 190.04 JPY
My targets
189.37 JPY (-0.26)
188.33 JPY (-1.30)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as long as the price remains well below 190.04 JPY. The sellers' bearish objective is set at 189.37 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 188.33 JPY. In case of crossing, the next objective would be the support located at 186.44 JPY.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 189.63 JPY. On the day, this instrument lost -0.79% with the lowest point at 188.24 JPY and the highest point at 191.63 JPY. The deviation from the price is +0.74% for the low point and -1.04% for the high point.188.24
191.63
189.63
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
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 186.44 | 188.33 | 189.37 | 189.63 | 192.02 | 192.92 | 195.83 |
| Change (%) | -1.68% | -0.69% | -0.14% | - | +1.26% | +1.73% | +3.27% |
| Change | -3.19 | -1.30 | -0.26 | - | +2.39 | +3.29 | +6.20 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 188.69 | 189.53 | 190.33 | 191.17 | 191.97 | 192.81 | 193.61 |
| Camarilla | 190.68 | 190.83 | 190.98 | 191.13 | 191.28 | 191.43 | 191.58 |
| Woodie | 188.67 | 189.52 | 190.31 | 191.16 | 191.95 | 192.80 | 193.59 |
| Fibonacci | 189.53 | 190.16 | 190.54 | 191.17 | 191.80 | 192.18 | 192.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.96 | 184.96 | 188.04 | 190.04 | 193.12 | 195.12 | 198.20 |
| Camarilla | 189.73 | 190.20 | 190.66 | 191.13 | 191.60 | 192.06 | 192.53 |
| Woodie | 183.51 | 185.23 | 188.59 | 190.31 | 193.67 | 195.39 | 198.75 |
| Fibonacci | 184.96 | 186.90 | 188.10 | 190.04 | 191.98 | 193.18 | 195.12 |
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): | 41.67 | |
| MACD (12,26,9): | -0.4600 | |
| Directional Movement: | -15.95 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 189.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 189.95 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 190.48 | |
| Zig ZAG (10): | 189.62 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 34.12 | |
| TEMA (21): | 189.06 | |
| Williams %R (14): | -58.70 | |
| Chande Momentum Oscillator (20): | -1.28 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.87 |
| MA7: | 189.35 | |
| MA20: | 191.39 | |
| MA50: | 198.56 | |
| MA100: | 197.03 | |
| MAexp7: | 189.50 | |
| MAexp20: | 189.97 | |
| MAexp50: | 190.30 | |
| MAexp100: | 189.86 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -4.50% | |
| Price / MA100: | -3.76% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.13% |
Quotes :
-
Real time data
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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:
-
GBP/JPY Forecast August 15, 2024
-
GBP/JPY Forecast August 12, 2024
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GBP/JPY Forecast August 2, 2024
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GBP/JPY Forecast July 31, 2024
-
GBP/JPY Forecast July 24, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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