GBP/JPY - 1H - Technical analysis published on 01/31/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 192.07 JPY
My targets
191.45 JPY (-0.28)
190.48 JPY (-1.25)
My analysis
The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 192.07 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 191.45 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 190.48 JPY as an objective. Crossing it would then enable sellers to target 189.27 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/JPY price is 191.73 JPY. The price registered an increase of +0.16% on the session and was traded between 191.19 JPY and 192.56 JPY over the period. The price is currently at +0.28% from its lowest and -0.43% from its highest.191.19
192.56
191.73
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 189.27 | 190.48 | 191.45 | 191.73 | 192.07 | 193.01 | 194.03 |
| Change (%) | -1.28% | -0.65% | -0.15% | - | +0.18% | +0.67% | +1.20% |
| Change | -2.46 | -1.25 | -0.28 | - | +0.34 | +1.28 | +2.30 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 188.86 | 190.13 | 190.77 | 192.04 | 192.68 | 193.95 | 194.59 |
| Camarilla | 190.90 | 191.07 | 191.25 | 191.42 | 191.60 | 191.77 | 191.95 |
| Woodie | 188.56 | 189.97 | 190.47 | 191.88 | 192.38 | 193.79 | 194.29 |
| Fibonacci | 190.13 | 190.86 | 191.31 | 192.04 | 192.77 | 193.22 | 193.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 186.60 | 188.24 | 191.47 | 193.11 | 196.34 | 197.98 | 201.21 |
| Camarilla | 193.35 | 193.80 | 194.24 | 194.69 | 195.14 | 195.58 | 196.03 |
| Woodie | 187.39 | 188.64 | 192.26 | 193.51 | 197.13 | 198.38 | 202.00 |
| Fibonacci | 188.24 | 190.10 | 191.25 | 193.11 | 194.97 | 196.12 | 197.98 |
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): | 44.29 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -8.60 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 191.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 192.56 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 192.48 | |
| Zig ZAG (10): | 191.72 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 47.58 | |
| TEMA (21): | 191.99 | |
| Williams %R (14): | -64.66 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.40 |
| MA7: | 192.91 | |
| MA20: | 193.04 | |
| MA50: | 193.66 | |
| MA100: | 194.08 | |
| MAexp7: | 191.94 | |
| MAexp20: | 191.98 | |
| MAexp50: | 192.23 | |
| MAexp100: | 192.49 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | -1.00% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.39% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on GBP/JPY at the time of the analysis were as follows:
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GBP/JPY Pirce Forecast - Dragon Continues to Consolidate
-
GBP/JPY Price Forecast - Sterling Races Higher After BoJ and PMI
-
GBP/JPY Price Forecast Can GBP Break 200 JPY? (January 8, 2025 Forecast)
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GBP/JPY Forecast - Will "The Dragon Roar?" (December 26, 2024)
-
GBP/JPY Forecast November 26, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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