USD/JPY - 1H - Technical analysis published on 11/12/2021 (GMT)
- 185
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 113.58 JPY
My targets
114.28 JPY (+0.22)
114.51 JPY (+0.45)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 113.58 JPY remains possible. It is advisable to trade USD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 113.58 JPY. The next bullish objective for buyers is set at 114.28 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 114.51 JPY. If there is any crossing, the next objective would be the resistance located at 121.15 JPY. PS: if there is a bearish break in the support located at 113.58 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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 rating is 114.06 JPY. On the day, this instrument gained +0.01% and was traded between 113.95 JPY and 114.30 JPY over the period. The price is currently at +0.10% from its lowest and -0.21% from its highest.113.95
114.30
114.06
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 113.30 | 113.58 | 114.02 | 114.06 | 114.28 | 114.51 | 121.15 |
| Change (%) | -0.67% | -0.42% | -0.04% | - | +0.19% | +0.39% | +6.22% |
| Change | -0.76 | -0.48 | -0.04 | - | +0.22 | +0.45 | +7.09 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 113.49 | 113.64 | 113.85 | 114.00 | 114.21 | 114.36 | 114.57 |
| Camarilla | 113.95 | 113.98 | 114.02 | 114.05 | 114.08 | 114.12 | 114.15 |
| Woodie | 113.51 | 113.66 | 113.87 | 114.02 | 114.23 | 114.38 | 114.59 |
| Fibonacci | 113.64 | 113.78 | 113.87 | 114.00 | 114.14 | 114.23 | 114.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.82 | 112.56 | 112.97 | 113.71 | 114.12 | 114.86 | 115.27 |
| Camarilla | 113.06 | 113.17 | 113.28 | 113.38 | 113.49 | 113.59 | 113.70 |
| Woodie | 111.66 | 112.48 | 112.81 | 113.63 | 113.96 | 114.78 | 115.11 |
| Fibonacci | 112.56 | 113.00 | 113.27 | 113.71 | 114.15 | 114.42 | 114.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.79 | 109.30 | 111.67 | 113.18 | 115.55 | 117.06 | 119.43 |
| Camarilla | 112.96 | 113.32 | 113.67 | 114.03 | 114.39 | 114.74 | 115.10 |
| Woodie | 108.21 | 109.52 | 112.09 | 113.40 | 115.97 | 117.28 | 119.85 |
| Fibonacci | 109.30 | 110.79 | 111.70 | 113.18 | 114.67 | 115.58 | 117.06 |
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): | 49.51 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -5.99 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 114.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.28 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 113.98 | |
| Zig ZAG (10): | 114.07 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 19.76 | |
| TEMA (21): | 114.14 | |
| Williams %R (14): | -68.57 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.17 |
| MA7: | 113.63 | |
| MA20: | 113.88 | |
| MA50: | 112.18 | |
| MA100: | 111.12 | |
| MAexp7: | 114.11 | |
| MAexp20: | 114.10 | |
| MAexp50: | 113.90 | |
| MAexp100: | 113.73 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +2.65% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.29% |
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:
-
USD/JPY Technical Analysis for November 12, 2021 by FXEmpire
-
USD/JPY Technical Analysis for November 11, 2021 by FXEmpire
-
USD/JPY Technical Analysis for November 10, 2021 by FXEmpire
-
USD/JPY Technical Analysis for November 09, 2021 by FXEmpire
-
USD/JPY Technical Outlook is Shape-shifting
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/JPY - 1H