USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 15 min. - Technical analysis published on 02/16/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 105.56 JPY
My targets
106.27 JPY (+0.22)
106.96 JPY (+0.91)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 105.56 JPY. The buyers” bullish objective is set at 106.27 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 106.96 JPY. If there is any crossing, the next objective would be the resistance located at 107.99 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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 m_showlag. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/JPY price is 106.05 JPY. The price registered an increase of +0.65% on the session with the lowest point at 105.18 JPY and the highest point at 106.08 JPY. The deviation from the price is +0.83% for the low point and -0.03% for the high point.

105.18
106.08
106.05

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:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this USD/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of triangle is broken

Type : Bearish

Timeframe : 15 minutes



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 105.42 105.58 105.77 106.05 106.96 107.99 109.59
Change (%) -0.59% -0.44% -0.26% - +0.86% +1.83% +3.34%
Change -0.63 -0.47 -0.28 - +0.91 +1.94 +3.54
Level Intermediate Major Major - Minor Minor Intermediate



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
Standard104.54104.72105.05105.23105.56105.74106.07
Camarilla105.23105.28105.32105.37105.42105.46105.51
Woodie104.61104.76105.12105.27105.63105.78106.14
Fibonacci104.72104.92105.04105.23105.43105.55105.74


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.08103.75104.34105.01105.60106.27106.86
Camarilla104.59104.71104.82104.94105.06105.17105.29
Woodie103.05103.73104.31104.99105.57106.25106.83
Fibonacci103.75104.23104.53105.01105.49105.79106.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.88101.73103.23104.08105.58106.43107.93
Camarilla104.07104.29104.51104.72104.94105.15105.37
Woodie101.20101.89103.55104.24105.90106.59108.25
Fibonacci101.73102.63103.19104.08104.98105.54106.43

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): 74.60
MACD (12,26,9): 0.0800
Directional Movement: 24.49
AROON (14): 71.43
DEMA (21): 106.03
Parabolic SAR (0,02-0,02-0,2): 105.97
Elder Ray (13): 0.08
Super Trend (3,10): 105.88
Zig ZAG (10): 106.04
VORTEX (21): 1.1200
Stochastique (14,3,5): 80.93
TEMA (21): 106.04
Williams %R (14): -18.18
Chande Momentum Oscillator (20): 0.16
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.23
MA7: 105.07
MA20: 104.64
MA50: 104.05
MA100: 104.43
MAexp7: 106.01
MAexp20: 105.95
MAexp50: 105.80
MAexp100: 105.65
Price / MA7: +0.93%
Price / MA20: +1.35%
Price / MA50: +1.92%
Price / MA100: +1.55%
Price / MAexp7: +0.04%
Price / MAexp20: +0.09%
Price / MAexp50: +0.24%
Price / MAexp100: +0.38%

Quotes : 2021-02-16 22:47:53 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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