USD/JPY
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 09/26/2022 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 142.84 JPY
My targets
145.43 JPY (+1.41)
151.42 JPY (+7.40)
My analysis
The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 142.84 JPY, you could try to benefit from the boom. The first bullish objective is located at 145.43 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 151.42 JPY as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.1

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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

USD/JPY rating 144.02 JPY. On the day, this instrument gained +0.45% with the lowest point at 143.23 JPY and the highest point at 144.16 JPY. The deviation from the price is +0.55% for the low point and -0.10% for the high point.

143.23
144.16
144.02

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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 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 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back over 0

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:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 131.41 138.98 142.84 144.02
Change (%) -8.76% -3.50% -0.82% -
Change -12.61 -5.04 -1.18 -
Level Intermediate Intermediate Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard140.57141.17142.27142.87143.97144.57145.67
Camarilla142.91143.07143.22143.38143.54143.69143.85
Woodie140.83141.30142.53143.00144.23144.70145.93
Fibonacci141.17141.82142.22142.87143.52143.92144.57


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard134.97137.66140.52143.21146.07148.76151.62
Camarilla141.85142.36142.87143.38143.89144.40144.91
Woodie135.06137.70140.61143.25146.16148.80151.71
Fibonacci137.66139.78141.09143.21145.33146.64148.76


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard124.30127.35133.34136.39142.38145.43151.42
Camarilla136.84137.67138.50139.33140.16140.99141.82
Woodie125.77128.09134.81137.13143.85146.17152.89
Fibonacci127.35130.80132.94136.39139.84141.98145.43

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): 62.19
MACD (12,26,9): 1.6000
Directional Movement: 4.98
AROON (14): 85.71
DEMA (21): 144.30
Parabolic SAR (0,02-0,02-0,2): 140.35
Elder Ray (13): 0.81
Super Trend (3,10): 139.52
Zig ZAG (10): 143.97
VORTEX (21): 1.2000
Stochastique (14,3,5): 53.04
TEMA (21): 144.56
Williams %R (14): -34.77
Chande Momentum Oscillator (20): 0.07
Repulse (5,40,3): 0.6300
ROCnROLL: 1
TRIX (15,9): 0.1900
Courbe Coppock: 3.34
MA7: 143.37
MA20: 142.47
MA50: 138.23
MA100: 135.58
MAexp7: 143.39
MAexp20: 142.08
MAexp50: 139.20
MAexp100: 135.48
Price / MA7: +0.45%
Price / MA20: +1.09%
Price / MA50: +4.19%
Price / MA100: +6.23%
Price / MAexp7: +0.44%
Price / MAexp20: +1.37%
Price / MAexp50: +3.46%
Price / MAexp100: +6.30%

Quotes : - Real time data - Forex

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

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