USD/JPY - 1H - Technical analysis published on 02/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 135.63 JPY
My targets
137.35 JPY (+0.89)
138.98 JPY (+2.52)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 135.63 JPY. The buyers' bullish objective is set at 137.35 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 138.98 JPY. If there is any crossing, the next objective would be the resistance located at 142.22 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
The USD/JPY rating is 136.46 JPY. On the day, this instrument gained +1.36% and was traded between 134.06 JPY and 136.52 JPY over the period. The price is currently at +1.79% from its lowest and -0.04% from its highest.134.06
136.52
136.46
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 134.36 | 135.23 | 136.45 | 136.46 | 138.98 | 142.22 | 144.56 |
| Change (%) | -1.54% | -0.90% | -0.01% | - | +1.85% | +4.22% | +5.94% |
| Change | -2.10 | -1.23 | -0.01 | - | +2.52 | +5.76 | +8.10 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 132.38 | 133.22 | 134.84 | 135.68 | 137.30 | 138.14 | 139.76 |
| Camarilla | 135.78 | 136.01 | 136.24 | 136.46 | 136.69 | 136.91 | 137.14 |
| Woodie | 132.77 | 133.42 | 135.23 | 135.88 | 137.69 | 138.34 | 140.15 |
| Fibonacci | 133.22 | 134.16 | 134.74 | 135.68 | 136.62 | 137.20 | 138.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.15 | 133.03 | 134.75 | 135.63 | 137.35 | 138.23 | 139.95 |
| Camarilla | 135.75 | 135.98 | 136.22 | 136.46 | 136.70 | 136.94 | 137.18 |
| Woodie | 132.56 | 133.24 | 135.16 | 135.84 | 137.76 | 138.44 | 140.36 |
| Fibonacci | 133.03 | 134.03 | 134.64 | 135.63 | 136.63 | 137.24 | 138.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.07 | 123.14 | 126.63 | 130.70 | 134.19 | 138.26 | 141.75 |
| Camarilla | 128.03 | 128.72 | 129.42 | 130.11 | 130.80 | 131.50 | 132.19 |
| Woodie | 118.77 | 123.00 | 126.33 | 130.56 | 133.89 | 138.12 | 141.45 |
| Fibonacci | 123.14 | 126.03 | 127.82 | 130.70 | 133.59 | 135.38 | 138.26 |
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): | 80.65 | |
| MACD (12,26,9): | 0.4500 | |
| Directional Movement: | 24.79 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 136.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.96 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 135.74 | |
| Zig ZAG (10): | 136.46 | |
| VORTEX (21): | 1.4300 | |
| Stochastique (14,3,5): | 95.58 | |
| TEMA (21): | 136.64 | |
| Williams %R (14): | -3.55 | |
| Chande Momentum Oscillator (20): | 1.31 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.34 |
| MA7: | 134.80 | |
| MA20: | 132.50 | |
| MA50: | 131.72 | |
| MA100: | 137.11 | |
| MAexp7: | 136.33 | |
| MAexp20: | 135.80 | |
| MAexp50: | 135.30 | |
| MAexp100: | 134.92 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | +3.60% | |
| Price / MA100: | -0.47% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.86% | |
| Price / MAexp100: | +1.14% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis for the Week of February 27, 2023 by FXEmpire
-
USD/JPY Technical Analysis for February 27, 2023 by FXEmpire
-
USD/JPY Technical Analysis for February 24, 2023 by FXEmpire
-
USD/JPY Technical Analysis for February 23, 2023 by FXEmpire
-
Technical Analysis: 22/02/2023 - USDJPY extends breakout move, 200-day SMA in focus
This member declared not having a position on this financial instrument or a related financial instrument.
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