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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 07/07/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 120.50 JPY
My targets
121.65 JPY (+0.19)
121.86 JPY (+0.40)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 120.50 JPY remains possible. It is advisable to trade EUR/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 120.50 JPY. The next bullish objective for buyers is set at 121.65 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 121.86 JPY. If there is any crossing, the next objective would be the resistance located at 122.83 JPY. PS: if there is a bearish break in the support located at 120.50 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
0
10
4.3

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.

Remo
This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 121.46 JPY. On the day, this instrument gained +0.01% and was between 121.40 JPY and 121.60 JPY. This implies that the price is at +0.05% from its lowest and at -0.12% from its highest.

121.40
121.60
121.46

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 120.26 120.50 121.44 121.46 121.65 121.86 122.83
Change (%) -0.99% -0.79% -0.02% - +0.16% +0.33% +1.13%
Change -1.20 -0.96 -0.02 - +0.19 +0.40 +1.37
Level Minor Intermediate Intermediate - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard119.66120.22120.84121.40122.02122.58123.20
Camarilla121.13121.23121.34121.45121.56121.67121.77
Woodie119.68120.24120.86121.42122.04122.60123.22
Fibonacci120.22120.67120.95121.40121.85122.13122.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard118.75119.42120.15120.82121.55122.22122.95
Camarilla120.51120.63120.76120.89121.02121.15121.28
Woodie118.79119.44120.19120.84121.59122.24122.99
Fibonacci119.42119.95120.28120.82121.35121.68122.22


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.82116.57118.94121.69124.06126.81129.18
Camarilla119.91120.38120.85121.32121.79122.26122.73
Woodie113.64116.48118.76121.60123.88126.72129.00
Fibonacci116.57118.52119.73121.69123.64124.85126.81

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): 52.73
MACD (12,26,9): 0.0400
Directional Movement: 8.76
AROON (14): 71.43
DEMA (21): 121.54
Parabolic SAR (0,02-0,02-0,2): 121.69
Elder Ray (13): 0.01
Super Trend (3,10): 121.37
Zig ZAG (10): 121.47
VORTEX (21): 1.0100
Stochastique (14,3,5): 70.37
TEMA (21): 121.49
Williams %R (14): -44.44
Chande Momentum Oscillator (20): 0.06
Repulse (5,40,3): 0.0000
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.11
MA7: 121.10
MA20: 120.75
MA50: 119.22
MA100: 118.89
MAexp7: 121.49
MAexp20: 121.47
MAexp50: 121.33
MAexp100: 121.16
Price / MA7: +0.30%
Price / MA20: +0.59%
Price / MA50: +1.88%
Price / MA100: +2.16%
Price / MAexp7: -0.02%
Price / MAexp20: -0.01%
Price / MAexp50: +0.11%
Price / MAexp100: +0.25%

Quotes : 2020-07-07 07:10:40 - Real time data - Forex

News


Don"t forget to follow the news on EUR/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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