USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - Daily - Technical analysis published on 05/14/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 154.70 JPY

My targets

158.33 JPY (+1.87)

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 154.70 JPY. The buyers' bullish objective is set at 158.33 JPY. A bullish break in this resistance would boost the bullish momentum. 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, 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

7.5

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

Additional analysis

Quotes

The USD/JPY price is 156.46 JPY. The price has increased by +0.15% since the last closing and was between 156.23 JPY and 156.78 JPY. This implies that the price is at +0.15% from its lowest and at -0.20% from its highest.

156.23

156.78

156.46

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:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	150.17	151.64	154.70	156.46	158.33
Change (%)	-4.02%	-3.08%	-1.12%	-	+1.20%
Change	-6.29	-4.82	-1.76	-	+1.87
Level	Major	Major	Minor	-	Intermediate

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	154.98	155.24	155.74	156.00	156.50	156.76	157.26
Camarilla	156.02	156.09	156.16	156.23	156.30	156.37	156.44
Woodie	155.09	155.30	155.85	156.06	156.61	156.82	157.37
Fibonacci	155.24	155.53	155.71	156.00	156.29	156.47	156.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.57	151.68	153.73	154.84	156.89	158.00	160.05
Camarilla	154.90	155.19	155.48	155.77	156.06	156.35	156.64
Woodie	151.03	151.92	154.19	155.08	157.35	158.24	160.51
Fibonacci	151.68	152.89	153.64	154.84	156.05	156.80	158.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.88	146.84	152.30	156.26	161.72	165.68	171.14
Camarilla	155.16	156.02	156.89	157.75	158.61	159.48	160.34
Woodie	143.62	147.22	153.04	156.64	162.46	166.06	171.88
Fibonacci	146.84	150.44	152.67	156.26	159.86	162.09	165.68

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):	60.83
MACD (12,26,9):	0.8200
Directional Movement:	16.25
AROON (14):	-28.57
DEMA (21):	156.16
Parabolic SAR (0,02-0,02-0,2):	151.86
Elder Ray (13):	1.12
Super Trend (3,10):	158.50
Zig ZAG (10):	156.48
VORTEX (21):	1.1000
Stochastique (14,3,5):	51.37
TEMA (21):	156.03
Williams %R (14):	-44.68
Chande Momentum Oscillator (20):	-1.84
Repulse (5,40,3):	0.7400
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	0.27

MA7:	155.46
MA20:	155.33
MA50:	152.61
MA100:	150.08
MAexp7:	155.70
MAexp20:	154.99
MAexp50:	153.21
MAexp100:	151.18
Price / MA7:	+0.64%
Price / MA20:	+0.73%
Price / MA50:	+2.52%
Price / MA100:	+4.25%
Price / MAexp7:	+0.49%
Price / MAexp20:	+0.95%
Price / MAexp50:	+2.12%
Price / MAexp100:	+3.49%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:

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

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