EUR/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - Daily - Technical analysis published on 04/28/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 130.50 JPY

My targets

134.31 JPY (+2.81)

137.29 JPY (+5.79)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 130.50 JPY. The buyers” bullish objective is set at 134.31 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 137.29 JPY. If there is any crossing, the next objective would be the resistance located at 149.26 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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

Additional analysis

Quotes

EUR/JPY rating 131.50 JPY. On the day, this instrument gained +0.02% and was traded between 131.39 JPY and 131.67 JPY over the period. The price is currently at +0.08% from its lowest and -0.13% from its highest.

131.39

131.67

131.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

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 EUR/JPY in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle 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	126.79	128.49	130.50	131.50	131.55	134.31	137.29
Change (%)	-3.58%	-2.29%	-0.76%	-	+0.04%	+2.14%	+4.40%
Change	-4.71	-3.01	-1.00	-	+0.05	+2.81	+5.79
Level	Major	Major	Major	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	129.91	130.24	130.86	131.19	131.81	132.14	132.76
Camarilla	131.22	131.31	131.39	131.48	131.57	131.65	131.74
Woodie	130.06	130.31	131.01	131.26	131.96	132.21	132.91
Fibonacci	130.24	130.60	130.83	131.19	131.55	131.78	132.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.34	128.97	129.73	130.36	131.12	131.75	132.51
Camarilla	130.12	130.25	130.37	130.50	130.63	130.76	130.88
Woodie	128.42	129.00	129.81	130.39	131.20	131.78	132.59
Fibonacci	128.97	129.50	129.83	130.36	130.89	131.22	131.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	126.00	127.09	128.49	129.58	130.98	132.07	133.47
Camarilla	129.21	129.43	129.66	129.89	130.12	130.35	130.58
Woodie	126.16	127.17	128.65	129.66	131.14	132.15	133.63
Fibonacci	127.09	128.04	128.63	129.58	130.53	131.12	132.07

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):	67.77
MACD (12,26,9):	0.4000
Directional Movement:	15.36
AROON (14):	100.00
DEMA (21):	130.87
Parabolic SAR (0,02-0,02-0,2):	129.63
Elder Ray (13):	0.98
Super Trend (3,10):	129.51
Zig ZAG (10):	131.48
VORTEX (21):	1.1600
Stochastique (14,3,5):	89.97
TEMA (21):	130.89
Williams %R (14):	-8.17
Chande Momentum Oscillator (20):	1.20
Repulse (5,40,3):	0.8000
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.69

MA7:	130.57
MA20:	130.40
MA50:	129.64
MA100:	128.07
MAexp7:	130.81
MAexp20:	130.35
MAexp50:	129.51
MAexp100:	128.22
Price / MA7:	+0.71%
Price / MA20:	+0.84%
Price / MA50:	+1.43%
Price / MA100:	+2.68%
Price / MAexp7:	+0.53%
Price / MAexp20:	+0.88%
Price / MAexp50:	+1.54%
Price / MAexp100:	+2.56%

Quotes : - 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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