USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 04/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 153.39 JPY

My targets

154.55 JPY (+0.61)

155.71 JPY (+1.77)

My analysis

USD/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 153.39 JPY. The next resistance located at 154.55 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 155.71 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

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

Additional analysis

Quotes

The USD/JPY rating is 153.94 JPY. The price has increased by +0.49% since the last closing and was between 152.98 JPY and 153.95 JPY. This implies that the price is at +0.63% from its lowest and at -0.01% from its highest.

152.98

153.95

153.94

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD/JPY:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 USD/JPY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	151.95	152.59	153.39	153.94
Change (%)	-1.29%	-0.88%	-0.36%	-
Change	-1.99	-1.35	-0.55	-
Level	Major	Minor	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.92	152.26	152.72	153.06	153.52	153.86	154.32
Camarilla	152.97	153.04	153.12	153.19	153.26	153.34	153.41
Woodie	151.99	152.29	152.79	153.09	153.59	153.89	154.39
Fibonacci	152.26	152.56	152.75	153.06	153.36	153.55	153.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.19	150.87	152.03	152.71	153.87	154.55	155.71
Camarilla	152.68	152.85	153.02	153.19	153.36	153.53	153.70
Woodie	150.43	150.99	152.27	152.83	154.11	154.67	155.95
Fibonacci	150.87	151.57	152.01	152.71	153.41	153.85	154.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.37	144.43	147.86	149.92	153.35	155.41	158.84
Camarilla	149.79	150.29	150.80	151.30	151.80	152.31	152.81
Woodie	143.07	144.77	148.56	150.26	154.05	155.75	159.54
Fibonacci	144.43	146.52	147.82	149.92	152.01	153.31	155.41

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.57
MACD (12,26,9):	0.2000
Directional Movement:	19.04
AROON (14):	71.43
DEMA (21):	153.72
Parabolic SAR (0,02-0,02-0,2):	153.30
Elder Ray (13):	0.31
Super Trend (3,10):	153.46
Zig ZAG (10):	153.91
VORTEX (21):	1.2100
Stochastique (14,3,5):	97.81
TEMA (21):	153.83
Williams %R (14):	-1.04
Chande Momentum Oscillator (20):	0.74
Repulse (5,40,3):	0.1500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.84

MA7:	152.64
MA20:	151.81
MA50:	150.36
MA100:	147.97
MAexp7:	153.75
MAexp20:	153.49
MAexp50:	153.22
MAexp100:	152.85
Price / MA7:	+0.85%
Price / MA20:	+1.40%
Price / MA50:	+2.38%
Price / MA100:	+4.03%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.47%
Price / MAexp100:	+0.71%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/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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