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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 06/09/2023 (GMT)

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Londinia
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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: Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 139.10 JPY
My targets
139.96 JPY (+0.36)
140.62 JPY (+1.02)
My analysis
USD/JPY is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 139.10 JPY, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 139.96 JPY. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 140.62 JPY would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 140.94 JPY. Beware of a possible return to under the support located at 139.10 JPY which would be the sign of a correction of the bullish excesses registered in the short term.

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
5

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.

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This analysis was given by forex2000. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 139.60 JPY. On the day, this instrument gained +0.52% and was between 138.87 JPY and 139.73 JPY. This implies that the price is at +0.53% from its lowest and at -0.09% from its highest.

138.87
139.73
139.60

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 1H of this USD/JPY chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 138.81 139.10 139.57 139.60 139.96 140.62 140.94
Change (%) -0.57% -0.36% -0.02% - +0.26% +0.73% +0.96%
Change -0.79 -0.50 -0.03 - +0.36 +1.02 +1.34
Level Intermediate Intermediate Minor - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard137.05137.91138.39139.25139.73140.59141.07
Camarilla138.51138.63138.76138.88139.00139.13139.25
Woodie136.87137.82138.21139.16139.55140.50140.89
Fibonacci137.91138.42138.74139.25139.76140.08140.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard136.11137.27138.61139.77141.11142.27143.61
Camarilla139.25139.48139.71139.94140.17140.40140.63
Woodie136.19137.32138.69139.82141.19142.32143.69
Fibonacci137.27138.23138.82139.77140.73141.32142.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard127.34130.42134.78137.86142.22145.30149.66
Camarilla137.09137.78138.46139.14139.82140.50141.19
Woodie127.98130.74135.42138.18142.86145.62150.30
Fibonacci130.42133.26135.02137.86140.70142.46145.30

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): 61.65
MACD (12,26,9): 0.0000
Directional Movement: 14.08
AROON (14): 64.29
DEMA (21): 139.25
Parabolic SAR (0,02-0,02-0,2): 139.08
Elder Ray (13): 0.32
Super Trend (3,10): 139.14
Zig ZAG (10): 139.57
VORTEX (21): 0.9700
Stochastique (14,3,5): 91.81
TEMA (21): 139.34
Williams %R (14): -14.43
Chande Momentum Oscillator (20): 0.67
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.57
MA7: 139.43
MA20: 138.96
MA50: 135.98
MA100: 134.45
MAexp7: 139.40
MAexp20: 139.30
MAexp50: 139.40
MAexp100: 139.50
Price / MA7: +0.12%
Price / MA20: +0.46%
Price / MA50: +2.66%
Price / MA100: +3.83%
Price / MAexp7: +0.14%
Price / MAexp20: +0.22%
Price / MAexp50: +0.14%
Price / MAexp100: +0.07%

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.

About author

Londinia
Londinia AI

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