EUR/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - Daily - Technical analysis published on 09/01/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 125.10 JPY

My targets

127.26 JPY (+0.58)

131.55 JPY (+4.87)

My analysis

EUR/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 125.10 JPY. The next resistance located at 127.26 JPY is the next bullish objective 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 131.55 JPY. After this resistance, buyers could then target 134.31 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY price is 126.68 JPY. The price registered an increase of +0.12% on the session with the lowest point at 126.31 JPY and the highest point at 127.08 JPY. The deviation from the price is +0.29% for the low point and -0.31% for the high point.

126.31

127.08

126.68

Here is a more detailed summary of the historical variations registered by EUR/JPY:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	119.65	122.83	125.10	126.68	127.26	131.55	134.31
Change (%)	-5.55%	-3.04%	-1.25%	-	+0.46%	+3.84%	+6.02%
Change	-7.03	-3.85	-1.58	-	+0.58	+4.87	+7.63
Level	Minor	Major	Major	-	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	124.22	124.81	125.67	126.26	127.12	127.71	128.57
Camarilla	126.13	126.26	126.40	126.53	126.66	126.80	126.93
Woodie	124.36	124.88	125.81	126.33	127.26	127.78	128.71
Fibonacci	124.81	125.36	125.71	126.26	126.81	127.16	127.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	122.27	123.45	124.43	125.61	126.59	127.77	128.75
Camarilla	124.83	125.02	125.22	125.42	125.62	125.82	126.01
Woodie	122.18	123.40	124.34	125.56	126.50	127.72	128.66
Fibonacci	123.45	124.27	124.78	125.61	126.43	126.94	127.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	121.87	122.93	124.73	125.79	127.59	128.65	130.45
Camarilla	125.74	126.01	126.27	126.53	126.79	127.05	127.32
Woodie	122.24	123.12	125.10	125.98	127.96	128.84	130.82
Fibonacci	122.93	124.02	124.70	125.79	126.88	127.56	128.65

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.97
MACD (12,26,9):	0.6900
Directional Movement:	12.22
AROON (14):	50.00
DEMA (21):	126.40
Parabolic SAR (0,02-0,02-0,2):	124.58
Elder Ray (13):	0.94
Super Trend (3,10):	123.73
Zig ZAG (10):	126.74
VORTEX (21):	1.1200
Stochastique (14,3,5):	71.60
TEMA (21):	126.26
Williams %R (14):	-13.26
Chande Momentum Oscillator (20):	0.50
Repulse (5,40,3):	0.5800
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	0.84

MA7:	125.85
MA20:	125.61
MA50:	123.64
MA100:	121.00
MAexp7:	126.02
MAexp20:	125.43
MAexp50:	123.92
MAexp100:	122.33
Price / MA7:	+0.66%
Price / MA20:	+0.85%
Price / MA50:	+2.46%
Price / MA100:	+4.69%
Price / MAexp7:	+0.52%
Price / MAexp20:	+1.00%
Price / MAexp50:	+2.23%
Price / MAexp100:	+3.56%

Quotes : 2020-09-01 14:10:22 - 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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