USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 02/28/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 150.59 JPY

My targets

151.65 JPY (+0.89)

My analysis

USD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 150.59 JPY. The next resistance located at 151.65 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

Comment on the analysis

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 imraanaly. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/JPY rating 150.76 JPY. The price registered an increase of +0.16% on the session with the lowest point at 150.37 JPY and the highest point at 150.85 JPY. The deviation from the price is +0.26% for the low point and -0.06% for the high point.

150.37

150.85

150.76

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:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of USD/JPY in 1H shows a strongly overall 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, 14 technical indicators on 18 studied 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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	150.29	150.59	150.69	150.76	150.84	151.65
Change (%)	-0.31%	-0.11%	-0.05%	-	+0.05%	+0.59%
Change	-0.47	-0.17	-0.07	-	+0.08	+0.89
Level	Intermediate	Minor	Minor	-	Major	Intermediate

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	149.67	149.87	150.20	150.40	150.73	150.93	151.26
Camarilla	150.37	150.42	150.47	150.52	150.57	150.62	150.67
Woodie	149.73	149.90	150.26	150.43	150.79	150.96	151.32
Fibonacci	149.87	150.08	150.20	150.40	150.61	150.73	150.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	148.77	149.22	149.86	150.31	150.95	151.40	152.04
Camarilla	150.19	150.29	150.39	150.49	150.59	150.69	150.79
Woodie	148.86	149.27	149.95	150.36	151.04	151.45	152.13
Fibonacci	149.22	149.64	149.90	150.31	150.73	150.99	151.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	134.26	137.53	142.27	145.54	150.28	153.55	158.29
Camarilla	144.81	145.54	146.28	147.01	147.74	148.48	149.21
Woodie	135.00	137.90	143.01	145.91	151.02	153.92	159.03
Fibonacci	137.53	140.59	142.48	145.54	148.60	150.49	153.55

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):	60.07
MACD (12,26,9):	0.0700
Directional Movement:	4.79
AROON (14):	92.86
DEMA (21):	150.73
Parabolic SAR (0,02-0,02-0,2):	150.53
Elder Ray (13):	0.08
Super Trend (3,10):	150.44
Zig ZAG (10):	150.77
VORTEX (21):	1.1700
Stochastique (14,3,5):	88.58
TEMA (21):	150.79
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	0.26
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.33

MA7:	150.45
MA20:	149.61
MA50:	146.97
MA100:	147.77
MAexp7:	150.74
MAexp20:	150.64
MAexp50:	150.56
MAexp100:	150.50
Price / MA7:	+0.21%
Price / MA20:	+0.77%
Price / MA50:	+2.58%
Price / MA100:	+2.02%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.17%

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.

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