USD/JPY - 1H - Technical analysis published on 12/06/2022 (GMT)
- 119
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 135.98 JPY
My targets
136.86 JPY (+0.18)
137.50 JPY (+0.82)
My analysis
A bullish trend on USD/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 135.98 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 136.86 JPY. Then the price could move towards 137.50 JPY. Then 138.35 JPY by extension. Be careful, a return below 135.98 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
4.1
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 Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 136.68 JPY. The price has increased by +0.07% since the last closing with the lowest point at 135.96 JPY and the highest point at 137.44 JPY. The deviation from the price is +0.53% for the low point and -0.55% for the high point.135.96
137.44
136.68
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 134.13 | 135.01 | 135.98 | 136.68 | 136.86 | 137.50 | 138.35 |
| Change (%) | -1.87% | -1.22% | -0.51% | - | +0.13% | +0.60% | +1.22% |
| Change | -2.55 | -1.67 | -0.70 | - | +0.18 | +0.82 | +1.67 |
| Level | Intermediate | Minor | Minor | - | Minor | Minor | 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 | 132.12 | 133.13 | 134.85 | 135.86 | 137.58 | 138.59 | 140.31 |
| Camarilla | 135.83 | 136.08 | 136.33 | 136.58 | 136.83 | 137.08 | 137.33 |
| Woodie | 132.49 | 133.31 | 135.22 | 136.04 | 137.95 | 138.77 | 140.68 |
| Fibonacci | 133.13 | 134.17 | 134.81 | 135.86 | 136.90 | 137.54 | 138.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.71 | 129.66 | 131.99 | 135.94 | 138.27 | 142.22 | 144.55 |
| Camarilla | 132.58 | 133.16 | 133.73 | 134.31 | 134.89 | 135.46 | 136.04 |
| Woodie | 124.89 | 129.26 | 131.17 | 135.54 | 137.45 | 141.82 | 143.73 |
| Fibonacci | 129.66 | 132.06 | 133.54 | 135.94 | 138.34 | 139.82 | 142.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.90 | 129.58 | 133.47 | 141.15 | 145.04 | 152.72 | 156.61 |
| Camarilla | 134.18 | 135.24 | 136.30 | 137.36 | 138.42 | 139.48 | 140.54 |
| Woodie | 120.01 | 128.63 | 131.58 | 140.20 | 143.15 | 151.77 | 154.72 |
| Fibonacci | 129.58 | 134.00 | 136.73 | 141.15 | 145.57 | 148.30 | 152.72 |
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): | 55.21 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 5.71 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 136.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 137.12 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 137.22 | |
| Zig ZAG (10): | 136.64 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 38.96 | |
| TEMA (21): | 136.67 | |
| Williams %R (14): | -52.03 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.26 |
| MA7: | 136.79 | |
| MA20: | 139.19 | |
| MA50: | 143.78 | |
| MA100: | 141.07 | |
| MAexp7: | 136.54 | |
| MAexp20: | 136.50 | |
| MAexp50: | 136.15 | |
| MAexp100: | 136.35 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -4.94% | |
| Price / MA100: | -3.11% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.24% |
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:
-
USD/JPY Technical Analysis for December 07, 2022 by FXEmpire
-
USD/JPY Forecast December 6, 2022
-
USD/JPY Technical Analysis for December 06, 2022 by FXEmpire
-
USD/JPY Technical Analysis for the Week of December 05, 2022 by FXEmpire
-
USD/JPY Technical Analysis for December 05, 2022 by FXEmpire
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