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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 15 min. - Technical analysis published on 03/28/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 130.56 JPY
My targets
131.84 JPY (+0.66)
132.44 JPY (+1.26)
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 130.56 JPY. The buyers' bullish objective is set at 131.84 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 132.44 JPY. If there is any crossing, the next objective would be the resistance located at 133.12 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 131.84 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2

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.

KBPRASAD
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1H Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 131.18 JPY. The price registered a decrease of -0.05% on the session with the lowest point at 130.50 JPY and the highest point at 131.25 JPY. The deviation from the price is +0.52% for the low point and -0.05% for the high point.

130.50
131.25
131.18

Here is a more detailed summary of the historical variations registered by USD/JPY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of USD/JPY indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 15 minutes


Near support of triangle

Type : Bullish

Timeframe : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 129.64 130.52 131.03 131.18 131.41 131.75 132.25
Change (%) -1.17% -0.50% -0.11% - +0.18% +0.43% +0.82%
Change -1.54 -0.66 -0.15 - +0.23 +0.57 +1.07
Level Minor Intermediate Minor - Minor 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
Standard129.28129.88130.56131.16131.84132.44133.12
Camarilla130.89131.01131.12131.24131.36131.48131.59
Woodie129.32129.90130.60131.18131.88132.46133.16
Fibonacci129.88130.37130.67131.16131.65131.95132.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard125.87127.75129.23131.11132.59134.47135.95
Camarilla129.78130.08130.39130.70131.01131.32131.62
Woodie125.66127.65129.02131.01132.38134.37135.74
Fibonacci127.75129.04129.83131.11132.40133.19134.47


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.80124.94130.64133.78139.48142.62148.32
Camarilla133.91134.72135.53136.34137.15137.96138.77
Woodie123.08125.58131.92134.42140.76143.26149.60
Fibonacci124.94128.32130.40133.78137.16139.24142.62

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): 58.40
MACD (12,26,9): 0.0100
Directional Movement: 3.25
AROON (14): 57.15
DEMA (21): 130.82
Parabolic SAR (0,02-0,02-0,2): 130.65
Elder Ray (13): 0.14
Super Trend (3,10): 130.65
Zig ZAG (10): 131.06
VORTEX (21): 1.0900
Stochastique (14,3,5): 87.59
TEMA (21): 130.96
Williams %R (14): -1.61
Chande Momentum Oscillator (20): 0.50
Repulse (5,40,3): 0.1500
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.49
MA7: 131.28
MA20: 133.77
MA50: 132.68
MA100: 134.10
MAexp7: 130.98
MAexp20: 130.85
MAexp50: 130.98
MAexp100: 131.05
Price / MA7: -0.08%
Price / MA20: -1.94%
Price / MA50: -1.13%
Price / MA100: -2.18%
Price / MAexp7: +0.15%
Price / MAexp20: +0.25%
Price / MAexp50: +0.15%
Price / MAexp100: +0.10%

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:

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

About author

Londinia
Londinia AI

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