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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 08/10/2020 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 105.71 JPY
My targets
106.42 JPY (+0.43)
107.08 JPY (+1.09)
My analysis
USD/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 105.71 JPY. The next resistance located at 106.42 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 107.08 JPY. After this resistance, buyers could then target 108.19 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
0
10
7.3

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.

Ahmed93
This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY price is 105.99 JPY. On the day, this instrument gained +0.06% with the lowest point at 105.72 JPY and the highest point at 106.05 JPY. The deviation from the price is +0.26% for the low point and -0.06% for the high point.

105.72
106.05
105.99

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.

Central Gaps

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 for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 104.69 105.30 105.71 105.99 106.06 106.42 108.19
Change (%) -1.23% -0.65% -0.26% - +0.07% +0.41% +2.08%
Change -1.30 -0.69 -0.28 - +0.07 +0.43 +2.20
Level Intermediate Major Minor - Intermediate Major 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
Standard105.01105.24105.59105.82106.17106.40106.75
Camarilla105.77105.82105.88105.93105.98106.04106.09
Woodie105.06105.27105.64105.85106.22106.43106.80
Fibonacci105.24105.47105.60105.82106.05106.18106.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.15104.72105.33105.90106.51107.08107.69
Camarilla105.61105.71105.82105.93106.04106.15106.26
Woodie104.16104.73105.34105.91106.52107.09107.70
Fibonacci104.72105.17105.45105.90106.35106.63107.08


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.00102.10103.98106.08107.96110.06111.94
Camarilla104.78105.14105.51105.87106.24106.60106.97
Woodie99.90102.05103.88106.03107.86110.01111.84
Fibonacci102.10103.62104.56106.08107.60108.54110.06

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): 58.66
MACD (12,26,9): 0.0500
Directional Movement: 12.94
AROON (14): 42.85
DEMA (21): 105.92
Parabolic SAR (0,02-0,02-0,2): 105.73
Elder Ray (13): 0.08
Super Trend (3,10): 105.68
Zig ZAG (10): 105.93
VORTEX (21): 1.1600
Stochastique (14,3,5): 71.72
TEMA (21): 105.92
Williams %R (14): -33.33
Chande Momentum Oscillator (20): 0.01
Repulse (5,40,3): -0.0100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.07
MA7: 105.79
MA20: 106.16
MA50: 106.99
MA100: 107.35
MAexp7: 105.91
MAexp20: 105.85
MAexp50: 105.76
MAexp100: 105.70
Price / MA7: +0.19%
Price / MA20: -0.16%
Price / MA50: -0.93%
Price / MA100: -1.27%
Price / MAexp7: +0.08%
Price / MAexp20: +0.13%
Price / MAexp50: +0.22%
Price / MAexp100: +0.27%

Quotes : 2020-08-10 09:39:28 - Real time data - Forex

News


The latest news and videos published on USD/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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Londinia
Londinia AI

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