USD/JPY - 1H - Technical analysis published on 11/30/2023 (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:
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
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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:
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:
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:
CCI indicator is overbought : over 100
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 : 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:
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 | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 145.28 | 145.97 | 146.52 | 147.21 | 147.76 | 148.45 | 149.00 |
| Camarilla | 146.72 | 146.83 | 146.95 | 147.06 | 147.17 | 147.29 | 147.40 |
| Woodie | 145.20 | 145.94 | 146.44 | 147.18 | 147.68 | 148.42 | 148.92 |
| Fibonacci | 145.97 | 146.45 | 146.74 | 147.21 | 147.69 | 147.98 | 148.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.90 | 146.02 | 147.74 | 148.86 | 150.58 | 151.70 | 153.42 |
| Camarilla | 148.67 | 148.93 | 149.19 | 149.45 | 149.71 | 149.97 | 150.23 |
| Woodie | 145.19 | 146.17 | 148.03 | 149.01 | 150.87 | 151.85 | 153.71 |
| Fibonacci | 146.02 | 147.11 | 147.78 | 148.86 | 149.95 | 150.62 | 151.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.09 | 145.70 | 148.51 | 150.12 | 152.93 | 154.54 | 157.35 |
| Camarilla | 150.11 | 150.51 | 150.92 | 151.32 | 151.73 | 152.13 | 152.54 |
| Woodie | 144.69 | 146.00 | 149.11 | 150.42 | 153.53 | 154.84 | 157.95 |
| Fibonacci | 145.70 | 147.39 | 148.43 | 150.12 | 151.81 | 152.85 | 154.54 |
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 :
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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:
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USD/JPY Forecast November 30, 2023
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USD/JPY Technical Analysis for November 30, 2023 by FXEmpire
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Technical Analysis: 29/11/2023 - USDJPY bears face their most crucial test so far
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USD/JPY Technical Analysis for November 29, 2023 by FXEmpire
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USD/JPY Forecast November 28, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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