USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 11/30/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 147.14 JPY
My targets
148.60 JPY (+0.60)
149.69 JPY (+1.69)
My analysis
The strong short-term increase of USD/JPY should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 147.14 JPY, a purchase could be considered. The first bullish objective is located at 148.60 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 149.69 JPY. If there is any crossing, the next objective would be the resistance at 150.17 JPY. Caution, if there is a return under 147.14 JPY, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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 MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/JPY rating 148.00 JPY. The price has increased by +0.64% since the last closing with the lowest point at 146.86 JPY and the highest point at 148.25 JPY. The deviation from the price is +0.78% for the low point and -0.17% for the high point.

146.86
148.25
148.00

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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 has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

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


S3S2S1PriceR1R2R3
ProTrendLines 146.67 147.14 147.91 148.00 148.60 149.69 150.17
Change (%) -0.90% -0.58% -0.06% - +0.41% +1.14% +1.47%
Change -1.33 -0.86 -0.09 - +0.60 +1.69 +2.17
Level Intermediate Minor Minor - Minor Major Major



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
Standard145.28145.97146.52147.21147.76148.45149.00
Camarilla146.72146.83146.95147.06147.17147.29147.40
Woodie145.20145.94146.44147.18147.68148.42148.92
Fibonacci145.97146.45146.74147.21147.69147.98148.45


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard144.90146.02147.74148.86150.58151.70153.42
Camarilla148.67148.93149.19149.45149.71149.97150.23
Woodie145.19146.17148.03149.01150.87151.85153.71
Fibonacci146.02147.11147.78148.86149.95150.62151.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard144.09145.70148.51150.12152.93154.54157.35
Camarilla150.11150.51150.92151.32151.73152.13152.54
Woodie144.69146.00149.11150.42153.53154.84157.95
Fibonacci145.70147.39148.43150.12151.81152.85154.54

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): 70.40
MACD (12,26,9): 0.1100
Directional Movement: 6.12
AROON (14): 57.14
DEMA (21): 147.50
Parabolic SAR (0,02-0,02-0,2): 147.09
Elder Ray (13): 0.57
Super Trend (3,10): 147.14
Zig ZAG (10): 148.07
VORTEX (21): 1.1100
Stochastique (14,3,5): 89.95
TEMA (21): 147.73
Williams %R (14): -8.63
Chande Momentum Oscillator (20): 1.07
Repulse (5,40,3): 0.4300
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.70
MA7: 148.44
MA20: 149.64
MA50: 149.57
MA100: 147.04
MAexp7: 147.66
MAexp20: 147.42
MAexp50: 147.55
MAexp100: 147.97
Price / MA7: -0.30%
Price / MA20: -1.10%
Price / MA50: -1.05%
Price / MA100: +0.65%
Price / MAexp7: +0.24%
Price / MAexp20: +0.40%
Price / MAexp50: +0.31%
Price / MAexp100: +0.03%

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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