GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - Daily - Technical analysis published on 08/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

61%

33%

My opinion

Bearish under 192.92 JPY

My targets

188.33 JPY (-2.79)

183.59 JPY (-7.53)

My analysis

The bearish basic trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 192.92 JPY. Crossing the first support at 188.33 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 183.59 JPY as an objective. Crossing it would then enable sellers to target 179.70 JPY. Caution, a return to above the resistance located at 192.92 JPY would be a sign of a possible consolidation phase of the short-term basic trend. 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 opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.9

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

Additional analysis

Quotes

The GBP/JPY rating is 191.12 JPY. On the day, this instrument lost -0.18% and was traded between 190.37 JPY and 192.04 JPY over the period. The price is currently at +0.39% from its lowest and -0.48% from its highest.

190.37

192.04

191.12

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

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 Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	179.70	183.59	188.33	191.12	192.92	195.83	198.13
Change (%)	-5.98%	-3.94%	-1.46%	-	+0.94%	+2.46%	+3.67%
Change	-11.42	-7.53	-2.79	-	+1.80	+4.71	+7.01
Level	Major	Minor	Major	-	Intermediate	Major	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
Standard	187.87	188.78	190.12	191.03	192.37	193.28	194.62
Camarilla	190.84	191.05	191.25	191.46	191.67	191.87	192.08
Woodie	188.09	188.89	190.34	191.14	192.59	193.39	194.84
Fibonacci	188.78	189.64	190.17	191.03	191.89	192.42	193.28

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.56
MACD (12,26,9):	-1.9800
Directional Movement:	-13.15
AROON (14):	100.00
DEMA (21):	188.47
Parabolic SAR (0,02-0,02-0,2):	185.83
Elder Ray (13):	0.65
Super Trend (3,10):	193.47
Zig ZAG (10):	191.20
VORTEX (21):	0.9200
Stochastique (14,3,5):	89.58
TEMA (21):	188.53
Williams %R (14):	-9.43
Chande Momentum Oscillator (20):	5.62
Repulse (5,40,3):	0.4800
ROCnROLL:	-1
TRIX (15,9):	-0.2200
Courbe Coppock:	0.48

MA7:	190.80
MA20:	189.81
MA50:	197.81
MA100:	197.01
MAexp7:	190.49
MAexp20:	191.52
MAexp50:	194.84
MAexp100:	195.23
Price / MA7:	+0.17%
Price / MA20:	+0.69%
Price / MA50:	-3.38%
Price / MA100:	-2.99%
Price / MAexp7:	+0.34%
Price / MAexp20:	-0.20%
Price / MAexp50:	-1.90%
Price / MAexp100:	-2.09%

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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