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 04/03/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 151.46 JPY

My targets

151.97 JPY (+0.28)

My analysis

The basic bullish trend is very strong on USD/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 151.46 JPY. Crossing the first resistance at 151.97 JPY would be a sign of a potential new surge in the price. Caution, a return to below 151.46 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.4

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

Additional analysis

Quotes

The USD/JPY price is 151.69 JPY. The price has increased by +0.09% since the last closing and was traded between 151.44 JPY and 151.96 JPY over the period. The price is currently at +0.17% from its lowest and -0.18% from its highest.

151.44

151.96

151.69

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 for higher/lower results shows the following items:

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 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 slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

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	151.25	151.46	151.64	151.69	151.80	151.97
Change (%)	-0.29%	-0.15%	-0.03%	-	+0.07%	+0.18%
Change	-0.44	-0.23	-0.05	-	+0.11	+0.28
Level	Minor	Major	Major	-	Intermediate	Intermediate

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	150.91	151.18	151.43	151.70	151.95	152.22	152.47
Camarilla	151.55	151.60	151.64	151.69	151.74	151.79	151.83
Woodie	150.91	151.18	151.43	151.70	151.95	152.22	152.47
Fibonacci	151.18	151.38	151.50	151.70	151.90	152.02	152.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	149.96	150.49	150.90	151.43	151.84	152.37	152.78
Camarilla	151.04	151.13	151.21	151.30	151.39	151.47	151.56
Woodie	149.89	150.46	150.83	151.40	151.77	152.34	152.71
Fibonacci	150.49	150.85	151.07	151.43	151.79	152.01	152.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.37	144.43	147.86	149.92	153.35	155.41	158.84
Camarilla	149.79	150.29	150.80	151.30	151.80	152.31	152.81
Woodie	143.07	144.77	148.56	150.26	154.05	155.75	159.54
Fibonacci	144.43	146.52	147.82	149.92	152.01	153.31	155.41

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):	52.30
MACD (12,26,9):	0.0500
Directional Movement:	4.52
AROON (14):	78.57
DEMA (21):	151.76
Parabolic SAR (0,02-0,02-0,2):	151.63
Elder Ray (13):	0.03
Super Trend (3,10):	151.58
Zig ZAG (10):	151.71
VORTEX (21):	1.0700
Stochastique (14,3,5):	64.88
TEMA (21):	151.79
Williams %R (14):	-60.47
Chande Momentum Oscillator (20):	0.13
Repulse (5,40,3):	-0.0800
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.28

MA7:	151.49
MA20:	150.00
MA50:	149.60
MA100:	147.75
MAexp7:	151.77
MAexp20:	151.70
MAexp50:	151.63
MAexp100:	151.55
Price / MA7:	+0.13%
Price / MA20:	+1.13%
Price / MA50:	+1.40%
Price / MA100:	+2.67%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.01%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.09%

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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