USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 08/02/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 132.01 JPY
My targets
134.40 JPY (+1.37)
134.64 JPY (+1.61)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for USD/JPY as long as the price remains well above 132.01 JPY. The buyers' bullish objective is set at 134.40 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 134.64 JPY. If there is any crossing, the next objective would be the resistance located at 136.14 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 134.40 JPY. On this resistance, against the trend traders who would like to go short on USD/JPY with a bearish signal from their trading strategy, should not hesitate to act.

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
3.4

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 ankisa. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/JPY rating 133.03 JPY. The price has increased by +1.23% since the last closing and was between 130.40 JPY and 133.08 JPY. This implies that the price is at +2.02% from its lowest and at -0.04% from its highest.

130.40
133.08
133.03

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/JPY in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 125.57 130.78 132.01 133.03 134.64 136.14 137.98
Change (%) -5.61% -1.69% -0.77% - +1.21% +2.34% +3.72%
Change -7.46 -2.25 -1.02 - +1.61 +3.11 +4.95
Level Major Intermediate Minor - Minor Intermediate Minor



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
Standard128.49129.94130.67132.12132.85134.30135.03
Camarilla130.81131.01131.21131.41131.61131.81132.01
Woodie128.14129.76130.32131.94132.50134.12134.68
Fibonacci129.94130.77131.28132.12132.95133.46134.30


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard126.37129.43131.34134.40136.31139.37141.28
Camarilla131.87132.33132.78133.24133.70134.15134.61
Woodie125.79129.14130.76134.11135.73139.08140.70
Fibonacci129.43131.33132.51134.40136.30137.48139.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard123.81128.15130.70135.04137.59141.93144.48
Camarilla131.35131.98132.61133.24133.87134.50135.14
Woodie122.91127.70129.80134.59136.69141.48143.58
Fibonacci128.15130.79132.41135.04137.68139.30141.93

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): 71.71
MACD (12,26,9): 0.2500
Directional Movement: 18.78
AROON (14): 92.86
DEMA (21): 131.97
Parabolic SAR (0,02-0,02-0,2): 131.50
Elder Ray (13): 0.87
Super Trend (3,10): 131.65
Zig ZAG (10): 132.97
VORTEX (21): 1.1400
Stochastique (14,3,5): 97.05
TEMA (21): 132.51
Williams %R (14): -2.53
Chande Momentum Oscillator (20): 2.12
Repulse (5,40,3): 0.6000
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 2.27
MA7: 134.51
MA20: 136.34
MA50: 134.46
MA100: 130.27
MAexp7: 132.40
MAexp20: 131.81
MAexp50: 132.11
MAexp100: 133.11
Price / MA7: -1.10%
Price / MA20: -2.43%
Price / MA50: -1.06%
Price / MA100: +2.12%
Price / MAexp7: +0.48%
Price / MAexp20: +0.93%
Price / MAexp50: +0.70%
Price / MAexp100: -0.06%

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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