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 01/24/2025 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 192.52 JPY

My targets

194.56 JPY (+1.48)

195.83 JPY (+2.75)

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 192.52 JPY. The buyers' bullish objective is set at 194.56 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 195.83 JPY. If there is any crossing, the next objective would be the resistance located at 199.44 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

8.2

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

Additional analysis

Quotes

GBP/JPY rating 193.08 JPY. The price has increased by +0.10% since the last closing and was traded between 192.73 JPY and 193.10 JPY over the period. The price is currently at +0.18% from its lowest and -0.01% from its highest.

192.73

193.10

193.08

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 results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/JPY indicates that the overall trend is strongly bullish. 92.86% 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.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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 : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	191.93	192.52	193.02	193.08	195.83	199.44	202.50
Change (%)	-0.60%	-0.29%	-0.03%	-	+1.42%	+3.29%	+4.88%
Change	-1.15	-0.56	-0.06	-	+2.75	+6.36	+9.42
Level	Minor	Minor	Major	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	191.73	192.01	192.45	192.73	193.17	193.45	193.89
Camarilla	192.69	192.76	192.82	192.89	192.96	193.02	193.09
Woodie	191.81	192.05	192.53	192.77	193.25	193.49	193.97
Fibonacci	192.01	192.29	192.46	192.73	193.01	193.18	193.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	184.96	187.14	188.67	190.85	192.38	194.56	196.09
Camarilla	189.17	189.51	189.85	190.19	190.53	190.87	191.21
Woodie	184.63	186.98	188.34	190.69	192.05	194.40	195.76
Fibonacci	187.14	188.56	189.44	190.85	192.27	193.15	194.56

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	179.40	183.75	190.27	194.62	201.14	205.49	212.01
Camarilla	193.81	194.81	195.80	196.80	197.80	198.79	199.79
Woodie	180.50	184.29	191.37	195.16	202.24	206.03	213.11
Fibonacci	183.75	187.90	190.46	194.62	198.77	201.33	205.49

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):	59.77
MACD (12,26,9):	0.1000
Directional Movement:	6.94
AROON (14):	64.29
DEMA (21):	192.88
Parabolic SAR (0,02-0,02-0,2):	192.39
Elder Ray (13):	0.21
Super Trend (3,10):	192.32
Zig ZAG (10):	193.04
VORTEX (21):	1.0400
Stochastique (14,3,5):	94.93
TEMA (21):	192.86
Williams %R (14):	-3.75
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	0.2100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.23

MA7:	191.79
MA20:	193.94
MA50:	194.01
MA100:	193.78
MAexp7:	192.89
MAexp20:	192.75
MAexp50:	192.49
MAexp100:	192.10
Price / MA7:	+0.67%
Price / MA20:	-0.44%
Price / MA50:	-0.48%
Price / MA100:	-0.36%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.31%
Price / MAexp100:	+0.51%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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