EUR/JPY - 15 min. - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 155.00 JPY
My targets
155.34 JPY (+0.10)
155.68 JPY (+0.44)
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 155.00 JPY. The buyers' bullish objective is set at 155.34 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 155.68 JPY. If there is any crossing, the next objective would be the resistance located at 156.02 JPY.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Dorontin2002. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 155.24 JPY. The price registered an increase of +0.15% on the session and was traded between 154.96 JPY and 155.31 JPY over the period. The price is currently at +0.18% from its lowest and -0.05% from its highest.154.96
155.31
155.24
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 15 min. shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
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:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 151.38 | 153.09 | 154.67 | 155.24 | 169.54 |
| Change (%) | -2.49% | -1.38% | -0.37% | - | +9.21% |
| Change | -3.86 | -2.15 | -0.57 | - | +14.30 |
| Level | Minor | Minor | Intermediate | - | Minor |
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 | 153.98 | 154.32 | 154.66 | 155.00 | 155.34 | 155.68 | 156.02 |
| Camarilla | 154.82 | 154.89 | 154.95 | 155.01 | 155.07 | 155.14 | 155.20 |
| Woodie | 153.99 | 154.32 | 154.67 | 155.00 | 155.35 | 155.68 | 156.03 |
| Fibonacci | 154.32 | 154.58 | 154.74 | 155.00 | 155.26 | 155.42 | 155.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.81 | 147.74 | 151.42 | 153.35 | 157.03 | 158.96 | 162.64 |
| Camarilla | 153.57 | 154.08 | 154.60 | 155.11 | 155.62 | 156.14 | 156.65 |
| Woodie | 146.70 | 148.18 | 152.31 | 153.79 | 157.92 | 159.40 | 163.53 |
| Fibonacci | 147.74 | 149.88 | 151.20 | 153.35 | 155.49 | 156.81 | 158.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.58 | 143.35 | 146.07 | 148.84 | 151.56 | 154.33 | 157.05 |
| Camarilla | 147.27 | 147.77 | 148.28 | 148.78 | 149.28 | 149.79 | 150.29 |
| Woodie | 140.55 | 143.34 | 146.04 | 148.83 | 151.53 | 154.32 | 157.02 |
| Fibonacci | 143.35 | 145.45 | 146.75 | 148.84 | 150.94 | 152.24 | 154.33 |
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): | 61.51 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 10.99 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 155.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.98 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 154.90 | |
| Zig ZAG (10): | 155.19 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 81.25 | |
| TEMA (21): | 155.16 | |
| Williams %R (14): | -3.13 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.14 |
| MA7: | 153.14 | |
| MA20: | 150.95 | |
| MA50: | 149.25 | |
| MA100: | 146.14 | |
| MAexp7: | 155.16 | |
| MAexp20: | 155.07 | |
| MAexp50: | 155.02 | |
| MAexp100: | 154.95 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | +2.84% | |
| Price / MA50: | +4.01% | |
| Price / MA100: | +6.23% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
-
Technical Analysis: 07/06/2023 - Is EURJPY losing its shine?
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Technical Analysis: 30/05/2023 - EURJPY fails to retest 15-year peak
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Technical Analysis: 23/05/2023 - EURJPY regains traction, eyeing multi-year highs
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Technical Analysis: 16/05/2023 - EURJPY is capped by 20-day SMA
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Technical Analysis: 09/05/2023 - EURJPY pauses bullish action; support at 20-SMA
This member declared not having a position on this financial instrument or a related financial instrument.
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