GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
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GBP/JPY - 1H - Technical analysis published on 08/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 189.37 JPY

My targets

192.02 JPY (+1.31)

192.92 JPY (+2.21)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on GBP/JPY. This is a positive signal for buyers. As long as the price remains above 189.37 JPY, a purchase could be considered. The first bullish objective is located at 192.02 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 192.92 JPY as an objective. Crossing it would then enable buyers to target 195.83 JPY. In the event of a return below 189.37 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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 OzO. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/JPY rating is 190.71 JPY. On the day, this instrument gained +0.08% and was between 189.47 JPY and 191.00 JPY. This implies that the price is at +0.65% from its lowest and at -0.15% from its highest.

189.47

191.00

190.71

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	188.33	189.37	190.58	190.71	192.02	192.92	195.83
Change (%)	-1.25%	-0.70%	-0.07%	-	+0.69%	+1.16%	+2.68%
Change	-2.38	-1.34	-0.13	-	+1.31	+2.21	+5.12
Level	Major	Major	Minor	-	Major	Intermediate	Major

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
Standard	185.27	186.75	188.66	190.14	192.05	193.53	195.44
Camarilla	189.63	189.94	190.25	190.56	190.87	191.18	191.49
Woodie	185.48	186.86	188.87	190.25	192.26	193.64	195.65
Fibonacci	186.75	188.05	188.85	190.14	191.44	192.24	193.53

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.87
MACD (12,26,9):	0.1000
Directional Movement:	0.54
AROON (14):	14.29
DEMA (21):	190.43
Parabolic SAR (0,02-0,02-0,2):	189.53
Elder Ray (13):	0.43
Super Trend (3,10):	189.55
Zig ZAG (10):	190.86
VORTEX (21):	1.2300
Stochastique (14,3,5):	92.19
TEMA (21):	190.65
Williams %R (14):	-9.80
Chande Momentum Oscillator (20):	0.66
Repulse (5,40,3):	0.2400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.85

MA7:	190.00
MA20:	190.95
MA50:	198.40
MA100:	197.05
MAexp7:	190.57
MAexp20:	190.38
MAexp50:	190.37
MAexp100:	190.02
Price / MA7:	+0.37%
Price / MA20:	-0.13%
Price / MA50:	-3.88%
Price / MA100:	-3.22%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.18%
Price / MAexp100:	+0.36%

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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