EUR/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 168.04 JPY

My targets

169.54 JPY (+0.94)

171.62 JPY (+3.02)

My analysis

EUR/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 168.04 JPY. The next resistance located at 169.54 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 171.62 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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

Additional analysis

Quotes

EUR/JPY rating 168.60 JPY. The price has increased by +0.19% since the last closing and was traded between 168.13 JPY and 168.64 JPY over the period. The price is currently at +0.28% from its lowest and -0.02% from its highest.

168.13

168.64

168.60

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

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. 92.86% 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, 14 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 : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	165.07	167.07	168.04	168.60	169.54	171.62
Change (%)	-2.09%	-0.91%	-0.33%	-	+0.56%	+1.79%
Change	-3.53	-1.53	-0.56	-	+0.94	+3.02
Level	Major	Minor	Intermediate	-	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	166.01	166.61	167.45	168.05	168.89	169.49	170.33
Camarilla	167.88	168.02	168.15	168.28	168.41	168.54	168.68
Woodie	166.12	166.67	167.56	168.11	169.00	169.55	170.44
Fibonacci	166.61	167.16	167.50	168.05	168.60	168.94	169.49

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	153.81	158.04	163.16	167.39	172.51	176.74	181.86
Camarilla	165.71	166.57	167.42	168.28	169.14	169.99	170.85
Woodie	154.26	158.26	163.61	167.61	172.96	176.96	182.31
Fibonacci	158.04	161.61	163.82	167.39	170.96	173.17	176.74

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):	62.48
MACD (12,26,9):	0.1200
Directional Movement:	7.03
AROON (14):	85.71
DEMA (21):	168.50
Parabolic SAR (0,02-0,02-0,2):	168.16
Elder Ray (13):	0.14
Super Trend (3,10):	168.90
Zig ZAG (10):	168.58
VORTEX (21):	1.1100
Stochastique (14,3,5):	85.82
TEMA (21):	168.56
Williams %R (14):	-1.96
Chande Momentum Oscillator (20):	0.41
Repulse (5,40,3):	0.1400
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.27

MA7:	167.47
MA20:	165.45
MA50:	163.92
MA100:	161.52
MAexp7:	168.48
MAexp20:	168.34
MAexp50:	168.14
MAexp100:	167.73
Price / MA7:	+0.67%
Price / MA20:	+1.90%
Price / MA50:	+2.86%
Price / MA100:	+4.38%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.51%

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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