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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
Open: -
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Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 07/09/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 121.33 JPY
My targets
121.72 JPY (+0.17)
121.97 JPY (+0.42)
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 121.33 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 121.33 JPY. The next bullish objective for buyers is set at 121.72 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 121.97 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 121.33 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2

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.

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

Additional analysis

Quotes

EUR/JPY rating 121.55 JPY. The price registered a decrease of -0.07% on the session and was between 121.49 JPY and 121.97 JPY. This implies that the price is at +0.05% from its lowest and at -0.34% from its highest.

121.49
121.97
121.55

Here is a more detailed summary of the historical variations registered by EUR/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 120.49 121.13 121.33 121.55 121.72 121.97 122.83
Change (%) -0.87% -0.35% -0.18% - +0.14% +0.35% +1.05%
Change -1.06 -0.42 -0.22 - +0.17 +0.42 +1.28
Level Intermediate 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
Standard120.46120.80121.21121.55121.96122.30122.71
Camarilla121.42121.49121.56121.63121.70121.77121.84
Woodie120.51120.82121.26121.57122.01122.32122.76
Fibonacci120.80121.08121.26121.55121.83122.01122.30


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard135.69136.38137.64138.33139.59140.28141.54
Camarilla138.37138.55138.73138.91139.09139.27139.45
Woodie135.99136.52137.94138.47139.89140.42141.84
Fibonacci136.38137.12137.58138.33139.07139.53140.28


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): 49.48
MACD (12,26,9): 0.0500
Directional Movement: -3.56
AROON (14): -28.57
DEMA (21): 121.71
Parabolic SAR (0,02-0,02-0,2): 121.92
Elder Ray (13): -0.08
Super Trend (3,10): 121.48
Zig ZAG (10): 121.58
VORTEX (21): 1.0500
Stochastique (14,3,5): 15.87
TEMA (21): 121.70
Williams %R (14): -85.42
Chande Momentum Oscillator (20): -0.02
Repulse (5,40,3): -0.1000
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.16
MA7: 121.27
MA20: 120.81
MA50: 119.49
MA100: 118.91
MAexp7: 121.64
MAexp20: 121.63
MAexp50: 121.52
MAexp100: 121.39
Price / MA7: +0.23%
Price / MA20: +0.61%
Price / MA50: +1.72%
Price / MA100: +2.22%
Price / MAexp7: -0.07%
Price / MAexp20: -0.07%
Price / MAexp50: +0.02%
Price / MAexp100: +0.13%

Quotes : 2020-07-09 10:18:54 - Real time data - Forex

News


The latest news and videos published on EUR/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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