GBP/JPY - Daily - Technical analysis published on 12/30/2024 (GMT)
- 127
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 195.83 JPY
My targets
202.50 JPY (+3.83)
205.52 JPY (+6.85)
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 202.50 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 205.52 JPY. After this resistance, buyers could then target 207.71 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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 Bibi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 198.67 JPY. The price registered an increase of +0.08% on the session and was between 198.20 JPY and 198.96 JPY. This implies that the price is at +0.24% from its lowest and at -0.15% from its highest.198.20
198.96
198.67
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 184.84 | 189.29 | 195.83 | 198.67 | 199.44 | 202.50 | 205.52 |
| Change (%) | -6.96% | -4.72% | -1.43% | - | +0.39% | +1.93% | +3.45% |
| Change | -13.83 | -9.38 | -2.84 | - | +0.77 | +3.83 | +6.85 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 196.06 | 196.64 | 197.57 | 198.15 | 199.08 | 199.66 | 200.59 |
| Camarilla | 198.10 | 198.23 | 198.37 | 198.51 | 198.65 | 198.79 | 198.93 |
| Woodie | 196.25 | 196.73 | 197.76 | 198.24 | 199.27 | 199.75 | 200.78 |
| Fibonacci | 196.64 | 197.21 | 197.57 | 198.15 | 198.72 | 199.08 | 199.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 194.06 | 195.04 | 196.77 | 197.75 | 199.48 | 200.46 | 202.19 |
| Camarilla | 197.77 | 198.01 | 198.26 | 198.51 | 198.76 | 199.01 | 199.26 |
| Woodie | 194.45 | 195.23 | 197.16 | 197.94 | 199.87 | 200.65 | 202.58 |
| Fibonacci | 195.04 | 196.07 | 196.71 | 197.75 | 198.78 | 199.42 | 200.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.94 | 184.05 | 187.35 | 193.46 | 196.76 | 202.87 | 206.17 |
| Camarilla | 188.07 | 188.94 | 189.80 | 190.66 | 191.52 | 192.39 | 193.25 |
| Woodie | 176.55 | 183.35 | 185.96 | 192.76 | 195.37 | 202.17 | 204.78 |
| Fibonacci | 184.05 | 187.64 | 189.86 | 193.46 | 197.05 | 199.27 | 202.87 |
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): | 64.95 | |
| MACD (12,26,9): | 1.0700 | |
| Directional Movement: | 11.33 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 196.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 196.01 | |
| Elder Ray (13): | 2.27 | |
| Super Trend (3,10): | 193.35 | |
| Zig ZAG (10): | 198.59 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 91.10 | |
| TEMA (21): | 197.84 | |
| Williams %R (14): | -5.38 | |
| Chande Momentum Oscillator (20): | 4.13 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 5.60 |
| MA7: | 197.42 | |
| MA20: | 194.44 | |
| MA50: | 195.49 | |
| MA100: | 193.24 | |
| MAexp7: | 197.31 | |
| MAexp20: | 195.66 | |
| MAexp50: | 194.89 | |
| MAexp100: | 194.53 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +2.18% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +2.81% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +1.54% | |
| Price / MAexp50: | +1.94% | |
| Price / MAexp100: | +2.13% |
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:
-
GBP/JPY Forecast - Will "The Dragon Roar?" (December 26, 2024)
-
GBP/JPY Forecast November 26, 2024
-
GBP/JPY Forecast October 14, 2024
-
GBP/JPY Forecast September 26, 2024
-
GBP/JPY Forecast September 11, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/JPY - Daily