USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - Daily - Technical analysis published on 05/27/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 108.19 JPY
My targets
110.76 JPY (+1.59)
112.00 JPY (+2.83)
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 108.19 JPY. The buyers' bullish objective is set at 110.76 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 112.00 JPY. If there is any crossing, the next objective would be the resistance located at 114.51 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

This analysis was given by tochi12. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
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.

Additional analysis

Quotes

USD/JPY rating 109.17 JPY. On the day, this instrument gained +0.00% with the lowest point at 109.03 JPY and the highest point at 109.21 JPY. The deviation from the price is +0.13% for the low point and -0.04% for the high point.

109.03
109.21
109.17

Here is a more detailed summary of the historical variations registered by USD/JPY:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this USD/JPY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily


Support of triangle is broken

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 104.73 106.21 108.19 109.17 109.59 110.76 112.00
Change (%) -4.07% -2.71% -0.90% - +0.38% +1.46% +2.59%
Change -4.44 -2.96 -0.98 - +0.42 +1.59 +2.83
Level Major Intermediate Major - Intermediate Intermediate 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
Standard108.41108.56108.87109.02109.33109.48109.79
Camarilla109.04109.09109.13109.17109.21109.25109.30
Woodie108.48108.60108.94109.06109.40109.52109.86
Fibonacci108.56108.74108.85109.02109.20109.31109.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.55108.06108.49109.00109.43109.94110.37
Camarilla108.66108.75108.83108.92109.01109.09109.18
Woodie107.51108.04108.45108.98109.39109.92110.33
Fibonacci108.06108.42108.64109.00109.36109.58109.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.23105.85107.60109.22110.97112.59114.34
Camarilla108.41108.72109.03109.34109.65109.96110.27
Woodie104.29105.88107.66109.25111.03112.62114.40
Fibonacci105.85107.14107.94109.22110.51111.31112.59

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): 53.12
MACD (12,26,9): 0.0500
Directional Movement: -5.26
AROON (14): 28.57
DEMA (21): 109.09
Parabolic SAR (0,02-0,02-0,2): 109.74
Elder Ray (13): 0.09
Super Trend (3,10): 107.72
Zig ZAG (10): 109.17
VORTEX (21): 1.0500
Stochastique (14,3,5): 48.41
TEMA (21): 109.01
Williams %R (14): -43.06
Chande Momentum Oscillator (20): 0.46
Repulse (5,40,3): 0.3400
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.02
MA7: 109.00
MA20: 109.09
MA50: 109.12
MA100: 107.43
MAexp7: 109.05
MAexp20: 109.02
MAexp50: 108.68
MAexp100: 107.83
Price / MA7: +0.16%
Price / MA20: +0.07%
Price / MA50: +0.05%
Price / MA100: +1.62%
Price / MAexp7: +0.11%
Price / MAexp20: +0.14%
Price / MAexp50: +0.45%
Price / MAexp100: +1.24%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:

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

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