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 04/26/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 157.08 JPY

My targets

My analysis

The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 157.08 JPY, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 157.69 JPY. The price registered an increase of +1.33% on the session and was between 154.97 JPY and 157.79 JPY. This implies that the price is at +1.76% from its lowest and at -0.06% from its highest.

154.97

157.79

157.69

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 for higher/lower results shows the following items:

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

A technical analysis in 1H of this USD/JPY chart shows a strongly bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.

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 80

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 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	154.70	155.31	155.75	157.69
Change (%)	-1.90%	-1.51%	-1.23%	-
Change	-2.99	-2.38	-1.94	-
Level	Intermediate	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	154.81	155.03	155.32	155.54	155.83	156.05	156.34
Camarilla	155.48	155.53	155.57	155.62	155.67	155.71	155.76
Woodie	154.86	155.05	155.37	155.56	155.88	156.07	156.39
Fibonacci	155.03	155.22	155.34	155.54	155.73	155.85	156.05

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	87.73
MACD (12,26,9):	0.4900
Directional Movement:	9.38
AROON (14):	57.14
DEMA (21):	157.18
Parabolic SAR (0,02-0,02-0,2):	155.68
Elder Ray (13):	0.82
Super Trend (3,10):	156.61
Zig ZAG (10):	157.65
VORTEX (21):	1.2900
Stochastique (14,3,5):	97.16
TEMA (21):	157.44
Williams %R (14):	-4.96
Chande Momentum Oscillator (20):	1.46
Repulse (5,40,3):	0.4900
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.86

MA7:	155.34
MA20:	153.56
MA50:	151.39
MA100:	148.65
MAexp7:	157.20
MAexp20:	156.60
MAexp50:	155.99
MAexp100:	155.52
Price / MA7:	+1.51%
Price / MA20:	+2.69%
Price / MA50:	+4.16%
Price / MA100:	+6.08%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.70%
Price / MAexp50:	+1.09%
Price / MAexp100:	+1.40%

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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