USD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 06/24/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 109.59 JPY

My targets

112.00 JPY (+1.11)

113.02 JPY (+2.13)

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 109.59 JPY. The next resistance located at 112.00 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 113.02 JPY. After this resistance, buyers could then target 114.51 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

8.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY price is 110.89 JPY. The price registered a decrease of -0.11% on the session with the lowest point at 110.69 JPY and the highest point at 111.12 JPY. The deviation from the price is +0.18% for the low point and -0.21% for the high point.

110.69

111.12

110.89

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	108.19	109.59	110.76	110.89	112.00	113.02	114.51
Change (%)	-2.43%	-1.17%	-0.12%	-	+1.00%	+1.92%	+3.26%
Change	-2.70	-1.30	-0.13	-	+1.11	+2.13	+3.62
Level	Major	Intermediate	Major	-	Major	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
Standard	110.26	110.45	110.73	110.92	111.20	111.39	111.67
Camarilla	110.88	110.92	110.97	111.01	111.05	111.10	111.14
Woodie	110.31	110.47	110.78	110.94	111.25	111.41	111.72
Fibonacci	110.45	110.63	110.74	110.92	111.10	111.21	111.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	108.34	108.96	109.59	110.21	110.84	111.46	112.09
Camarilla	109.88	109.99	110.11	110.22	110.34	110.45	110.56
Woodie	108.35	108.96	109.60	110.21	110.85	111.46	112.10
Fibonacci	108.96	109.44	109.73	110.21	110.69	110.98	111.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.63	107.48	108.49	109.34	110.35	111.20	112.21
Camarilla	108.98	109.15	109.32	109.49	109.66	109.83	110.00
Woodie	106.70	107.52	108.56	109.38	110.42	111.24	112.28
Fibonacci	107.48	108.19	108.63	109.34	110.05	110.49	111.20

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):	63.18
MACD (12,26,9):	0.4100
Directional Movement:	14.65
AROON (14):	92.86
DEMA (21):	110.58
Parabolic SAR (0,02-0,02-0,2):	109.74
Elder Ray (13):	0.60
Super Trend (3,10):	109.25
Zig ZAG (10):	110.88
VORTEX (21):	1.1700
Stochastique (14,3,5):	90.11
TEMA (21):	110.78
Williams %R (14):	-13.47
Chande Momentum Oscillator (20):	1.39
Repulse (5,40,3):	0.4500
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.75

MA7:	110.61
MA20:	110.00
MA50:	109.32
MA100:	108.60
MAexp7:	110.58
MAexp20:	110.09
MAexp50:	109.47
MAexp100:	108.56
Price / MA7:	+0.25%
Price / MA20:	+0.81%
Price / MA50:	+1.44%
Price / MA100:	+2.11%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.73%
Price / MAexp50:	+1.30%
Price / MAexp100:	+2.15%

Quotes : - Real time data - Forex

News

The last news published on USD/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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