USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - 1H - Technical analysis published on 04/24/2024 (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

61%

33%

My opinion

Bullish above 154.88 JPY

My targets

155.94 JPY (+0.72)

157.08 JPY (+1.86)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 154.88 JPY. The buyers' bullish objective is set at 155.94 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 157.08 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.9

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

USD/JPY rating 155.22 JPY. The price registered an increase of +0.30% on the session and was traded between 154.74 JPY and 155.38 JPY over the period. The price is currently at +0.31% from its lowest and -0.10% from its highest.

154.74

155.38

155.22

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

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 currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	153.59	154.70	154.88	155.22
Change (%)	-1.05%	-0.34%	-0.22%	-
Change	-1.63	-0.52	-0.34	-
Level	Intermediate	Intermediate	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	154.24	154.40	154.57	154.73	154.90	155.06	155.23
Camarilla	154.66	154.69	154.72	154.75	154.78	154.81	154.84
Woodie	154.26	154.40	154.59	154.73	154.92	155.06	155.25
Fibonacci	154.40	154.52	154.60	154.73	154.85	154.93	155.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.65	152.32	153.46	154.13	155.27	155.94	157.08
Camarilla	154.11	154.28	154.44	154.61	154.78	154.94	155.11
Woodie	151.90	152.44	153.71	154.25	155.52	156.06	157.33
Fibonacci	152.32	153.01	153.44	154.13	154.82	155.25	155.94

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	68.19
MACD (12,26,9):	0.1200
Directional Movement:	15.95
AROON (14):	35.72
DEMA (21):	155.23
Parabolic SAR (0,02-0,02-0,2):	154.83
Elder Ray (13):	0.07
Super Trend (3,10):	154.95
Zig ZAG (10):	155.23
VORTEX (21):	1.1700
Stochastique (14,3,5):	81.42
TEMA (21):	155.30
Williams %R (14):	-26.23
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	-0.0100
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.45

MA7:	154.72
MA20:	153.03
MA50:	151.13
MA100:	148.46
MAexp7:	155.22
MAexp20:	155.09
MAexp50:	154.93
MAexp100:	154.76
Price / MA7:	+0.32%
Price / MA20:	+1.43%
Price / MA50:	+2.71%
Price / MA100:	+4.55%
Price / MAexp7:	-0%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.30%

Quotes : - Real time data - Forex

News

The last news published on USD/JPY at the time of the generation of this analysis was as follows:

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

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