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 04/03/2024 (GMT)

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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
0
10
5.4

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This analysis was given by MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:

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 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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
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
Standard150.91151.18151.43151.70151.95152.22152.47
Camarilla151.55151.60151.64151.69151.74151.79151.83
Woodie150.91151.18151.43151.70151.95152.22152.47
Fibonacci151.18151.38151.50151.70151.90152.02152.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.96150.49150.90151.43151.84152.37152.78
Camarilla151.04151.13151.21151.30151.39151.47151.56
Woodie149.89150.46150.83151.40151.77152.34152.71
Fibonacci150.49150.85151.07151.43151.79152.01152.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard142.37144.43147.86149.92153.35155.41158.84
Camarilla149.79150.29150.80151.30151.80152.31152.81
Woodie143.07144.77148.56150.26154.05155.75159.54
Fibonacci144.43146.52147.82149.92152.01153.31155.41

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

This member declared not having a position on this financial instrument or a related financial instrument.

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