GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 09/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Bullish above 185.72 JPY

My targets

186.46 JPY (+0.32)

188.33 JPY (+2.19)

My analysis

The strong short-term increase in GBP/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 185.72 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 186.46 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 188.33 JPY as an objective. Crossing it would then enable buyers to target 189.76 JPY. Caution, a return under 185.72 JPY could jeopardize the reversal.

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

2.3

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/JPY rating 186.14 JPY. The price has increased by +0.09% since the last closing and was between 185.42 JPY and 186.53 JPY. This implies that the price is at +0.39% from its lowest and at -0.21% from its highest.

185.42

186.53

186.14

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/JPY chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. 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.
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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	183.59	184.47	185.72	186.14	186.46	188.33	189.76
Change (%)	-1.37%	-0.90%	-0.23%	-	+0.17%	+1.18%	+1.94%
Change	-2.55	-1.67	-0.42	-	+0.32	+2.19	+3.62
Level	Major	Minor	Intermediate	-	Intermediate	Major	Minor

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	181.90	182.81	184.39	185.30	186.88	187.79	189.37
Camarilla	185.29	185.51	185.74	185.97	186.20	186.43	186.66
Woodie	182.24	182.98	184.73	185.47	187.22	187.96	189.71
Fibonacci	182.81	183.76	184.35	185.30	186.25	186.84	187.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	177.47	181.99	184.45	188.97	191.43	195.95	198.41
Camarilla	184.99	185.63	186.27	186.91	187.55	188.19	188.83
Woodie	176.44	181.48	183.42	188.46	190.40	195.44	197.38
Fibonacci	181.99	184.66	186.30	188.97	191.64	193.28	195.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	170.40	175.25	183.56	188.41	196.72	201.57	209.88
Camarilla	188.25	189.46	190.66	191.87	193.08	194.28	195.49
Woodie	172.13	176.12	185.29	189.28	198.45	202.44	211.61
Fibonacci	175.25	180.28	183.38	188.41	193.44	196.54	201.57

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):	58.18
MACD (12,26,9):	0.1500
Directional Movement:	5.39
AROON (14):	92.86
DEMA (21):	185.94
Parabolic SAR (0,02-0,02-0,2):	184.68
Elder Ray (13):	0.42
Super Trend (3,10):	185.15
Zig ZAG (10):	186.33
VORTEX (21):	1.1300
Stochastique (14,3,5):	93.00
TEMA (21):	186.28
Williams %R (14):	-19.74
Chande Momentum Oscillator (20):	0.75
Repulse (5,40,3):	0.0900
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	1.10

MA7:	187.08
MA20:	189.55
MA50:	193.94
MA100:	196.57
MAexp7:	186.10
MAexp20:	185.84
MAexp50:	186.04
MAexp100:	186.77
Price / MA7:	-0.50%
Price / MA20:	-1.80%
Price / MA50:	-4.02%
Price / MA100:	-5.31%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.05%
Price / MAexp100:	-0.34%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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