EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 04/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

11%

50%

My opinion

Bearish under 164.54 JPY

My targets

163.90 JPY (-0.37)

163.48 JPY (-0.79)

My analysis

The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 164.54 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 163.90 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 163.48 JPY as an objective. Crossing it would then enable sellers to target 163.07 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

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

Additional analysis

Quotes

EUR/JPY rating 164.27 JPY. On the day, this instrument lost -0.03% and was between 164.23 JPY and 164.40 JPY. This implies that the price is at +0.02% from its lowest and at -0.08% from its highest.

164.23

164.40

164.27

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

The Central Records scanner for higher/lower results shows the following items:

Near a 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 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	163.48	163.90	164.13	164.27	164.54	164.99	169.54
Change (%)	-0.48%	-0.23%	-0.09%	-	+0.16%	+0.44%	+3.21%
Change	-0.79	-0.37	-0.14	-	+0.27	+0.72	+5.27
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

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	163.18	163.56	163.94	164.32	164.70	165.08	165.46
Camarilla	164.11	164.18	164.25	164.32	164.39	164.46	164.53
Woodie	163.18	163.56	163.94	164.32	164.70	165.08	165.46
Fibonacci	163.56	163.85	164.03	164.32	164.61	164.79	165.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	160.72	161.67	163.02	163.97	165.32	166.27	167.62
Camarilla	163.74	163.95	164.16	164.37	164.58	164.79	165.00
Woodie	160.92	161.77	163.22	164.07	165.52	166.37	167.82
Fibonacci	161.67	162.55	163.09	163.97	164.85	165.39	166.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.37	157.79	160.54	162.96	165.71	168.13	170.88
Camarilla	161.87	162.34	162.82	163.29	163.76	164.24	164.71
Woodie	155.54	157.87	160.71	163.04	165.88	168.21	171.05
Fibonacci	157.79	159.77	160.99	162.96	164.94	166.16	168.13

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):	45.40
MACD (12,26,9):	-0.0200
Directional Movement:	-2.32
AROON (14):	7.14
DEMA (21):	164.29
Parabolic SAR (0,02-0,02-0,2):	164.54
Elder Ray (13):	-0.01
Super Trend (3,10):	164.73
Zig ZAG (10):	164.27
VORTEX (21):	1.0100
Stochastique (14,3,5):	60.72
TEMA (21):	164.33
Williams %R (14):	-45.76
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	-0.0900
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.02

MA7:	164.42
MA20:	163.95
MA50:	162.65
MA100:	160.73
MAexp7:	164.32
MAexp20:	164.33
MAexp50:	164.40
MAexp100:	164.40
Price / MA7:	-0.09%
Price / MA20:	+0.20%
Price / MA50:	+1.00%
Price / MA100:	+2.20%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.08%

Quotes : - 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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