GBP/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 15 min. - Technical analysis published on 10/18/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 194.93 JPY

My targets

196.03 JPY (+0.57)

196.69 JPY (+1.23)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/JPY. As long as you are above the support located at 194.93 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 196.03 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 196.69 JPY as an objective. Crossing it would then enable buyers to target 197.79 JPY. If the support 194.93 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

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

Additional analysis

Quotes

The GBP/JPY rating is 195.46 JPY. The price has increased by +0.05% since the last closing and was traded between 195.03 JPY and 196.05 JPY over the period. The price is currently at +0.22% from its lowest and -0.30% from its highest.

195.03

196.05

195.46

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

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	193.85	194.64	195.25	195.46	195.83	198.13	200.65
Change (%)	-0.82%	-0.42%	-0.11%	-	+0.19%	+1.37%	+2.66%
Change	-1.61	-0.82	-0.21	-	+0.37	+2.67	+5.19
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Intermediate

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	192.51	193.17	194.27	194.93	196.03	196.69	197.79
Camarilla	194.88	195.04	195.20	195.36	195.52	195.68	195.84
Woodie	192.72	193.28	194.48	195.04	196.24	196.80	198.00
Fibonacci	193.17	193.85	194.26	194.93	195.61	196.02	196.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	190.60	191.74	193.33	194.47	196.06	197.20	198.79
Camarilla	194.16	194.41	194.66	194.91	195.16	195.41	195.66
Woodie	190.82	191.85	193.55	194.58	196.28	197.31	199.01
Fibonacci	191.74	192.79	193.43	194.47	195.52	196.16	197.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	173.08	178.40	185.33	190.65	197.58	202.90	209.83
Camarilla	188.89	190.01	191.14	192.26	193.38	194.51	195.63
Woodie	173.89	178.80	186.14	191.05	198.39	203.30	210.64
Fibonacci	178.40	183.08	185.97	190.65	195.33	198.22	202.90

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):	49.45
MACD (12,26,9):	0.0900
Directional Movement:	-5.54
AROON (14):	57.14
DEMA (21):	195.71
Parabolic SAR (0,02-0,02-0,2):	196.01
Elder Ray (13):	-0.12
Super Trend (3,10):	195.45
Zig ZAG (10):	195.58
VORTEX (21):	1.1000
Stochastique (14,3,5):	46.11
TEMA (21):	195.75
Williams %R (14):	-51.11
Chande Momentum Oscillator (20):	-0.04
Repulse (5,40,3):	0.0000
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.43

MA7:	194.96
MA20:	193.70
MA50:	190.99
MA100:	195.36
MAexp7:	195.58
MAexp20:	195.58
MAexp50:	195.43
MAexp100:	195.22
Price / MA7:	+0.26%
Price / MA20:	+0.91%
Price / MA50:	+2.34%
Price / MA100:	+0.05%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.06%
Price / MAexp50:	+0.02%
Price / MAexp100:	+0.12%

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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