GBP/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 10/18/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above

My targets

()

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at remains possible. It is advisable to trade GBP/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above . The next bullish objective for buyers is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

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 rating is 195.23 JPY. The price registered a decrease of -0.07% on the session and was between 195.03 JPY and 196.05 JPY. This implies that the price is at +0.10% from its lowest and at -0.42% from its highest.

195.03

196.05

195.23

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

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 an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/JPY chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	192.88	193.85	194.64	195.23	195.25	195.83	198.13
Change (%)	-1.20%	-0.71%	-0.30%	-	+0.01%	+0.31%	+1.49%
Change	-2.35	-1.38	-0.59	-	+0.02	+0.60	+2.90
Level	Major	Intermediate	Minor	-	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	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):	49.37
MACD (12,26,9):	0.1400
Directional Movement:	-5.83
AROON (14):	14.29
DEMA (21):	195.59
Parabolic SAR (0,02-0,02-0,2):	195.97
Elder Ray (13):	-0.11
Super Trend (3,10):	195.01
Zig ZAG (10):	195.28
VORTEX (21):	0.9900
Stochastique (14,3,5):	36.60
TEMA (21):	195.58
Williams %R (14):	-79.41
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	-0.2400
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.15

MA7:	194.92
MA20:	193.69
MA50:	190.99
MA100:	195.35
MAexp7:	195.44
MAexp20:	195.38
MAexp50:	195.13
MAexp100:	194.97
Price / MA7:	+0.16%
Price / MA20:	+0.80%
Price / MA50:	+2.22%
Price / MA100:	-0.06%
Price / MAexp7:	-0.11%
Price / MAexp20:	-0.08%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.13%

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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