GBP/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPJPY
ISIN:

GBP/JPY - 1H - Technical analysis published on 10/22/2024 (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

83%

17%

My opinion

Bullish above 195.83 JPY

My targets

197.33 JPY (+1.12)

198.13 JPY (+1.92)

My analysis

GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 195.83 JPY. The next resistance located at 197.33 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 198.13 JPY. After this resistance, buyers could then target 200.65 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.8

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

Additional analysis

Quotes

GBP/JPY rating 196.21 JPY. The price has increased by +0.34% since the last closing with the lowest point at 195.43 JPY and the highest point at 196.53 JPY. The deviation from the price is +0.40% for the low point and -0.16% for the high point.

195.43

196.53

196.21

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	195.50	195.83	196.05	196.21	198.13	200.65	207.71
Change (%)	-0.36%	-0.19%	-0.08%	-	+0.98%	+2.26%	+5.86%
Change	-0.71	-0.38	-0.16	-	+1.92	+4.44	+11.50
Level	Minor	Major	Minor	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-25,552.55	-12,678.99	-6,241.72	6,631.84	13,069.11	25,942.67	32,379.94
Camarilla	-5,114.93	-3,344.77	-1,574.61	195.55	1,965.71	3,735.87	5,506.03
Woodie	-28,770.70	-14,288.06	-9,459.87	5,022.77	9,850.97	24,333.60	29,161.80
Fibonacci	-12,678.99	-5,302.25	-744.90	6,631.84	14,008.58	18,565.93	25,942.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	191.55	192.63	193.90	194.98	196.25	197.33	198.60
Camarilla	194.53	194.75	194.97	195.18	195.40	195.61	195.83
Woodie	191.66	192.68	194.01	195.03	196.36	197.38	198.71
Fibonacci	192.63	193.52	194.08	194.98	195.87	196.43	197.33

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):	65.22
MACD (12,26,9):	0.2500
Directional Movement:	99.80
AROON (14):	35.71
DEMA (21):	196.14
Parabolic SAR (0,02-0,02-0,2):	5,987.43
Elder Ray (13):	0.24
Super Trend (3,10):	34.17
Zig ZAG (10):	196.14
VORTEX (21):	1.1500
Stochastique (14,3,5):	78.24
TEMA (21):	196.11
Williams %R (14):	-27.84
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	0.0100
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.50

MA7:	195.27
MA20:	194.07
MA50:	191.28
MA100:	195.29
MAexp7:	195.96
MAexp20:	195.70
MAexp50:	195.43
MAexp100:	195.26
Price / MA7:	+0.48%
Price / MA20:	+1.10%
Price / MA50:	+2.58%
Price / MA100:	+0.47%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.40%
Price / MAexp100:	+0.49%

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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