EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 04/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 168.01 JPY

My targets

169.54 JPY (+1.36)

171.62 JPY (+3.44)

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 168.01 JPY. The buyers' bullish objective is set at 169.54 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 171.62 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

6.8

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

The EUR/JPY rating is 168.18 JPY. On the day, this instrument gained +0.46% and was traded between 167.22 JPY and 168.66 JPY over the period. The price is currently at +0.57% from its lowest and -0.28% from its highest.

167.22

168.66

168.18

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 1H chart of EUR/JPY indicates that the overall trend is strongly bullish. 82.14% 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	166.37	167.07	168.01	168.18	169.54	171.62
Change (%)	-1.08%	-0.66%	-0.10%	-	+0.81%	+2.05%
Change	-1.81	-1.11	-0.17	-	+1.36	+3.44
Level	Minor	Minor	Intermediate	-	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	158.86	162.26	164.83	168.23	170.80	174.20	176.77
Camarilla	165.77	166.32	166.86	167.41	167.96	168.51	169.05
Woodie	158.46	162.05	164.43	168.02	170.40	173.99	176.37
Fibonacci	162.26	164.54	165.95	168.23	170.51	171.92	174.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.02	162.71	166.02	167.71	171.02	172.71	176.02
Camarilla	167.96	168.41	168.87	169.33	169.79	170.25	170.71
Woodie	161.83	163.12	166.83	168.12	171.83	173.12	176.83
Fibonacci	162.71	164.62	165.80	167.71	169.62	170.80	172.71

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):	55.30
MACD (12,26,9):	0.1300
Directional Movement:	-0.87
AROON (14):	42.86
DEMA (21):	168.16
Parabolic SAR (0,02-0,02-0,2):	167.55
Elder Ray (13):	0.14
Super Trend (3,10):	169.13
Zig ZAG (10):	168.23
VORTEX (21):	1.1400
Stochastique (14,3,5):	62.13
TEMA (21):	168.30
Williams %R (14):	-33.60
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	-0.1300
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.67

MA7:	166.93
MA20:	165.24
MA50:	163.81
MA100:	161.41
MAexp7:	168.19
MAexp20:	168.03
MAexp50:	167.88
MAexp100:	167.43
Price / MA7:	+0.75%
Price / MA20:	+1.78%
Price / MA50:	+2.67%
Price / MA100:	+4.19%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.18%
Price / MAexp100:	+0.45%

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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