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 03/13/2024 (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

67%

28%

My opinion

Bullish above 147.60 JPY

My targets

148.28 JPY (+0.33)

149.83 JPY (+1.88)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 147.60 JPY. The buyers' bullish objective is set at 148.28 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 149.83 JPY. If there is any crossing, the next objective would be the resistance located at 150.17 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.3

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

Additional analysis

Quotes

The USD/JPY rating is 147.95 JPY. The price has increased by +0.22% since the last closing and was between 147.23 JPY and 148.05 JPY. This implies that the price is at +0.49% from its lowest and at -0.07% from its highest.

147.23

148.05

147.95

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 LOW record (1st january)

Type : Bearish

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 strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	146.44	147.07	147.60	147.95	148.28	149.83	150.17
Change (%)	-1.02%	-0.59%	-0.24%	-	+0.22%	+1.27%	+1.50%
Change	-1.51	-0.88	-0.35	-	+0.33	+1.88	+2.22
Level	Major	Minor	Minor	-	Intermediate	Minor	Major

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
Standard	145.20	145.91	146.76	147.47	148.32	149.03	149.88
Camarilla	147.19	147.33	147.48	147.62	147.76	147.91	148.05
Woodie	145.28	145.95	146.84	147.51	148.40	149.07	149.96
Fibonacci	145.91	146.50	146.87	147.47	148.06	148.43	149.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.37	143.93	145.49	148.05	149.61	152.17	153.73
Camarilla	145.93	146.31	146.68	147.06	147.44	147.82	148.19
Woodie	140.88	143.68	145.00	147.80	149.12	151.92	153.24
Fibonacci	143.93	145.50	146.47	148.05	149.62	150.59	152.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.01	143.95	147.01	148.95	152.01	153.95	157.01
Camarilla	148.70	149.15	149.61	150.07	150.53	150.99	151.45
Woodie	142.57	144.23	147.57	149.23	152.57	154.23	157.57
Fibonacci	143.95	145.86	147.04	148.95	150.86	152.04	153.95

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):	59.60
MACD (12,26,9):	0.1300
Directional Movement:	10.00
AROON (14):	57.15
DEMA (21):	147.91
Parabolic SAR (0,02-0,02-0,2):	147.39
Elder Ray (13):	0.09
Super Trend (3,10):	147.37
Zig ZAG (10):	147.90
VORTEX (21):	1.0600
Stochastique (14,3,5):	82.93
TEMA (21):	147.94
Williams %R (14):	-18.29
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.49

MA7:	148.08
MA20:	149.53
MA50:	148.24
MA100:	147.69
MAexp7:	147.89
MAexp20:	147.73
MAexp50:	147.57
MAexp100:	147.74
Price / MA7:	-0.09%
Price / MA20:	-1.06%
Price / MA50:	-0.20%
Price / MA100:	+0.18%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.26%
Price / MAexp100:	+0.14%

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.

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