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 05/16/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

72%

22%

My opinion

Bullish above 154.70 JPY

My targets

155.96 JPY (+0.56)

156.56 JPY (+1.16)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for USD/JPY as long as the price remains well above 154.70 JPY. The buyers' bullish objective is set at 155.96 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 156.56 JPY. If there is any crossing, the next objective would be the resistance located at 158.33 JPY.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

3.8

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 price is 155.40 JPY. The price has increased by +0.71% since the last closing with the lowest point at 153.60 JPY and the highest point at 155.54 JPY. The deviation from the price is +1.17% for the low point and -0.09% for the high point.

153.60

155.54

155.40

A study of price movements over other periods shows the following variations:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this USD/JPY chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	154.00	154.70	155.26	155.40	155.96	156.56	158.33
Change (%)	-0.90%	-0.45%	-0.09%	-	+0.36%	+0.75%	+1.89%
Change	-1.40	-0.70	-0.14	-	+0.56	+1.16	+2.93
Level	Major	Intermediate	Minor	-	Major	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	151.04	152.59	153.45	155.00	155.86	157.41	158.27
Camarilla	153.64	153.86	154.08	154.30	154.52	154.74	154.96
Woodie	150.69	152.42	153.10	154.83	155.51	157.24	157.92
Fibonacci	152.59	153.51	154.08	155.00	155.92	156.49	157.41

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

Technical indicators

Moving averages

RSI (14):	60.28
MACD (12,26,9):	0.0900
Directional Movement:	8.20
AROON (14):	57.14
DEMA (21):	155.05
Parabolic SAR (0,02-0,02-0,2):	155.00
Elder Ray (13):	0.27
Super Trend (3,10):	154.62
Zig ZAG (10):	155.41
VORTEX (21):	1.1200
Stochastique (14,3,5):	87.04
TEMA (21):	155.36
Williams %R (14):	-6.99
Chande Momentum Oscillator (20):	0.99
Repulse (5,40,3):	0.1200
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	1.45

MA7:	155.57
MA20:	155.37
MA50:	152.86
MA100:	150.34
MAexp7:	155.26
MAexp20:	155.03
MAexp50:	155.22
MAexp100:	155.40
Price / MA7:	-0.11%
Price / MA20:	+0.02%
Price / MA50:	+1.66%
Price / MA100:	+3.37%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.24%
Price / MAexp50:	+0.12%
Price / MAexp100:	-0%

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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