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 05/17/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 155.53 JPY

My targets

155.96 JPY (+0.22)

156.24 JPY (+0.50)

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 155.53 JPY. The next resistance located at 155.96 JPY is the next bullish target 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 156.24 JPY. After this resistance, buyers could then target 156.78 JPY.

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

5.2

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 155.74 JPY. On the day, this instrument gained +0.22% and was traded between 155.35 JPY and 155.98 JPY over the period. The price is currently at +0.25% from its lowest and -0.15% from its highest.

155.35

155.98

155.74

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:

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 bullish trend. 71.43% of the signals given by moving averages are bullish. This 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, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

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	R1	R2	R3
ProTrendLines	154.70	155.26	155.53	155.74	155.96	156.24	156.78
Change (%)	-0.67%	-0.31%	-0.13%	-	+0.14%	+0.32%	+0.67%
Change	-1.04	-0.48	-0.21	-	+0.22	+0.50	+1.04
Level	Intermediate	Minor	Intermediate	-	Intermediate	Minor	Minor

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	152.21	152.91	154.15	154.85	156.09	156.79	158.03
Camarilla	154.87	155.04	155.22	155.40	155.58	155.76	155.93
Woodie	152.49	153.05	154.43	154.99	156.37	156.93	158.31
Fibonacci	152.91	153.65	154.11	154.85	155.59	156.05	156.79

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):	59.28
MACD (12,26,9):	0.1900
Directional Movement:	8.32
AROON (14):	71.43
DEMA (21):	155.86
Parabolic SAR (0,02-0,02-0,2):	155.62
Elder Ray (13):	0.09
Super Trend (3,10):	155.34
Zig ZAG (10):	155.73
VORTEX (21):	1.1700
Stochastique (14,3,5):	74.17
TEMA (21):	155.99
Williams %R (14):	-38.10
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	-0.1200
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.52

MA7:	155.63
MA20:	155.43
MA50:	153.04
MA100:	150.48
MAexp7:	155.80
MAexp20:	155.62
MAexp50:	155.46
MAexp100:	155.47
Price / MA7:	+0.07%
Price / MA20:	+0.20%
Price / MA50:	+1.76%
Price / MA100:	+3.50%
Price / MAexp7:	-0.04%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.18%
Price / MAexp100:	+0.17%

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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