GBP/JPY - 15 min. - Technical analysis published on 10/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 196.03 JPY
My targets
194.93 JPY (-0.31)
194.27 JPY (-0.97)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/JPY as long as the price remains well below 196.03 JPY. The next bearish objective for sellers is set at 194.93 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 194.27 JPY. In case of crossing, the next objective would be the support located at 193.17 JPY.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.6
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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 195.24 JPY. The price registered a decrease of -0.06% on the session and was between 195.03 JPY and 196.05 JPY. This implies that the price is at +0.11% from its lowest and at -0.41% from its highest.195.03
196.05
195.24
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GBP/JPY indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 192.88 | 193.85 | 194.64 | 195.24 | 195.25 | 195.83 | 198.13 |
| Change (%) | -1.21% | -0.71% | -0.31% | - | +0.01% | +0.30% | +1.48% |
| Change | -2.36 | -1.39 | -0.60 | - | +0.01 | +0.59 | +2.89 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.37 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -13.04 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 195.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 195.78 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 195.77 | |
| Zig ZAG (10): | 195.27 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 8.03 | |
| TEMA (21): | 195.43 | |
| Williams %R (14): | -98.18 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 194.92 | |
| MA20: | 193.69 | |
| MA50: | 190.99 | |
| MA100: | 195.35 | |
| MAexp7: | 195.42 | |
| MAexp20: | 195.55 | |
| MAexp50: | 195.50 | |
| MAexp100: | 195.33 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +2.23% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.05% |
Quotes :
-
Real time data
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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:
-
GBP/JPY Forecast October 14, 2024
-
GBP/JPY Forecast September 26, 2024
-
GBP/JPY Forecast September 11, 2024
-
GBP/JPY Forecast August 15, 2024
-
GBP/JPY Forecast August 12, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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