EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
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EUR/JPY - 1H - Technical analysis published on 05/21/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 169.54 JPY

My targets

169.97 JPY (+0.22)

170.72 JPY (+0.97)

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 169.54 JPY. The buyers' bullish objective is set at 169.97 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 170.72 JPY. If there is any crossing, the next objective would be the resistance located at 172.04 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

6.1

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 169.75 JPY. The price registered a decrease of -0.07% on the session and was traded between 169.49 JPY and 169.94 JPY over the period. The price is currently at +0.15% from its lowest and -0.11% from its highest.

169.49

169.94

169.75

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

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

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 this 1H chart of EUR/JPY indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	167.97	168.55	169.54	169.75
Change (%)	-1.05%	-0.71%	-0.12%	-
Change	-1.78	-1.20	-0.21	-
Level	Minor	Minor	Major	-

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	168.36	168.67	169.26	169.57	170.16	170.47	171.06
Camarilla	169.61	169.70	169.78	169.86	169.94	170.03	170.11
Woodie	168.51	168.74	169.41	169.64	170.31	170.54	171.21
Fibonacci	168.67	169.01	169.22	169.57	169.91	170.12	170.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	165.83	166.58	167.90	168.65	169.97	170.72	172.04
Camarilla	168.65	168.84	169.03	169.22	169.41	169.60	169.79
Woodie	166.12	166.72	168.19	168.79	170.26	170.86	172.33
Fibonacci	166.58	167.37	167.86	168.65	169.44	169.93	170.72

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.11
MACD (12,26,9):	0.1000
Directional Movement:	-3.97
AROON (14):	-50.00
DEMA (21):	169.86
Parabolic SAR (0,02-0,02-0,2):	169.90
Elder Ray (13):	0.01
Super Trend (3,10):	169.47
Zig ZAG (10):	169.77
VORTEX (21):	1.1700
Stochastique (14,3,5):	60.74
TEMA (21):	169.84
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	0.11
Repulse (5,40,3):	0.1000
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.17

MA7:	169.09
MA20:	167.62
MA50:	165.36
MA100:	163.08
MAexp7:	169.78
MAexp20:	169.72
MAexp50:	169.48
MAexp100:	169.15
Price / MA7:	+0.39%
Price / MA20:	+1.27%
Price / MA50:	+2.65%
Price / MA100:	+4.09%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.35%

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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