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 10/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 195.25 JPY

My targets

195.83 JPY (+0.35)

198.13 JPY (+2.65)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/JPY as long as the price remains well above 195.25 JPY. The buyers' bullish objective is set at 195.83 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 198.13 JPY. If there is any crossing, the next objective would be the resistance located at 200.65 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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 price is 195.48 JPY. The price has increased by +0.06% since the last closing and was traded between 195.03 JPY and 196.05 JPY over the period. The price is currently at +0.23% from its lowest and -0.29% from its highest.

195.03

196.05

195.48

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

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/JPY in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	193.85	194.64	195.25	195.48	195.83	198.13	200.65
Change (%)	-0.83%	-0.43%	-0.12%	-	+0.18%	+1.36%	+2.64%
Change	-1.63	-0.84	-0.23	-	+0.35	+2.65	+5.17
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Intermediate

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	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):	58.14
MACD (12,26,9):	0.2100
Directional Movement:	6.47
AROON (14):	14.28
DEMA (21):	195.59
Parabolic SAR (0,02-0,02-0,2):	195.11
Elder Ray (13):	0.11
Super Trend (3,10):	195.01
Zig ZAG (10):	195.47
VORTEX (21):	1.1500
Stochastique (14,3,5):	59.80
TEMA (21):	195.67
Williams %R (14):	-56.86
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	-0.0700
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.16

MA7:	194.96
MA20:	193.70
MA50:	190.99
MA100:	195.36
MAexp7:	195.51
MAexp20:	195.31
MAexp50:	195.05
MAexp100:	194.91
Price / MA7:	+0.27%
Price / MA20:	+0.92%
Price / MA50:	+2.35%
Price / MA100:	+0.06%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.22%
Price / MAexp100:	+0.29%

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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