EUR/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/02/2024 (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

11%

67%

22%

My opinion

Bearish under 164.90 JPY

My targets

164.13 JPY (-0.23)

163.08 JPY (-1.28)

My analysis

EUR/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 164.90 JPY. The next support located at 164.13 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 163.08 JPY. Below this support, sellers could then target 159.67 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

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 price is 164.36 JPY. On the day, this instrument lost -1.52% and was traded between 164.30 JPY and 167.39 JPY over the period. The price is currently at +0.04% from its lowest and -1.81% from its highest.

164.30

167.39

164.36

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on EUR/JPY were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of EUR/JPY in 1H shows a overall strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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 : 1 hour

Support of channel is broken

Type : Bearish

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	159.67	163.08	164.13	164.36	164.90	165.64	166.47
Change (%)	-2.85%	-0.78%	-0.14%	-	+0.33%	+0.78%	+1.28%
Change	-4.69	-1.28	-0.23	-	+0.54	+1.28	+2.11
Level	Minor	Minor	Intermediate	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.82	161.95	164.42	166.55	169.02	171.15	173.62
Camarilla	165.64	166.06	166.48	166.90	167.32	167.74	168.17
Woodie	160.00	162.04	164.60	166.64	169.20	171.24	173.80
Fibonacci	161.95	163.70	164.79	166.55	168.30	169.39	171.15

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	24.59
MACD (12,26,9):	-0.8000
Directional Movement:	-34.21
AROON (14):	-92.86
DEMA (21):	164.91
Parabolic SAR (0,02-0,02-0,2):	167.14
Elder Ray (13):	-0.89
Super Trend (3,10):	166.09
Zig ZAG (10):	164.36
VORTEX (21):	1.0200
Stochastique (14,3,5):	8.82
TEMA (21):	164.47
Williams %R (14):	-98.66
Chande Momentum Oscillator (20):	-2.52
Repulse (5,40,3):	-0.4800
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	2.34

MA7:	167.05
MA20:	165.39
MA50:	163.92
MA100:	161.58
MAexp7:	164.96
MAexp20:	165.89
MAexp50:	166.83
MAexp100:	167.15
Price / MA7:	-1.61%
Price / MA20:	-0.62%
Price / MA50:	+0.27%
Price / MA100:	+1.72%
Price / MAexp7:	-0.36%
Price / MAexp20:	-0.92%
Price / MAexp50:	-1.48%
Price / MAexp100:	-1.67%

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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