EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
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EUR/JPY - Daily - Technical analysis published on 08/25/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 131.63 JPY

My targets

126.79 JPY (-2.23)

125.25 JPY (-3.77)

My analysis

The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 131.63 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 126.79 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 125.25 JPY as an objective. Crossing it would then enable sellers to target 122.72 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

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

Additional analysis

Quotes

The EUR/JPY price is 129.02 JPY. On the day, this instrument gained +0.04% and was between 128.77 JPY and 129.12 JPY. This implies that the price is at +0.19% from its lowest and at -0.08% from its highest.

128.77

129.12

129.02

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

Technical

A technical analysis in Daily of this EUR/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	122.72	125.25	126.79	129.02	129.16	131.63	133.94
Change (%)	-4.88%	-2.92%	-1.73%	-	+0.11%	+2.02%	+3.81%
Change	-6.30	-3.77	-2.23	-	+0.14	+2.61	+4.92
Level	Intermediate	Major	Major	-	Major	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.24	128.42	128.69	128.87	129.14	129.32	129.59
Camarilla	128.85	128.89	128.93	128.97	129.01	129.05	129.09
Woodie	128.30	128.44	128.75	128.89	129.20	129.34	129.65
Fibonacci	128.42	128.59	128.70	128.87	129.04	129.15	129.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	126.24	127.09	127.76	128.61	129.28	130.13	130.80
Camarilla	128.02	128.16	128.30	128.44	128.58	128.72	128.86
Woodie	126.16	127.05	127.68	128.57	129.20	130.09	130.72
Fibonacci	127.09	127.67	128.03	128.61	129.19	129.55	130.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	124.57	126.58	128.41	130.42	132.25	134.26	136.09
Camarilla	129.18	129.54	129.89	130.24	130.59	130.94	131.30
Woodie	124.48	126.54	128.32	130.38	132.16	134.22	136.00
Fibonacci	126.58	128.05	128.95	130.42	131.89	132.79	134.26

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):	44.69
MACD (12,26,9):	-0.4500
Directional Movement:	-8.74
AROON (14):	-71.43
DEMA (21):	128.58
Parabolic SAR (0,02-0,02-0,2):	129.62
Elder Ray (13):	-0.04
Super Trend (3,10):	130.06
Zig ZAG (10):	129.04
VORTEX (21):	0.9300
Stochastique (14,3,5):	48.60
TEMA (21):	128.59
Williams %R (14):	-46.57
Chande Momentum Oscillator (20):	-0.45
Repulse (5,40,3):	0.3700
ROCnROLL:	-1
TRIX (15,9):	-0.0500
Courbe Coppock:	1.61

MA7:	128.61
MA20:	129.26
MA50:	130.21
MA100:	131.16
MAexp7:	128.84
MAexp20:	129.20
MAexp50:	130.01
MAexp100:	130.20
Price / MA7:	+0.32%
Price / MA20:	-0.19%
Price / MA50:	-0.91%
Price / MA100:	-1.63%
Price / MAexp7:	+0.14%
Price / MAexp20:	-0.14%
Price / MAexp50:	-0.76%
Price / MAexp100:	-0.91%

Quotes : - Real time data - Forex

News

The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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