USD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 04/08/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 150.17 JPY

My targets

153.35 JPY (+1.54)

155.41 JPY (+3.60)

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 150.17 JPY. The next resistance located at 153.35 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 155.41 JPY. After this resistance, buyers could then target 158.84 JPY. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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

Additional analysis

Quotes

USD/JPY rating 151.81 JPY. The price has increased by +0.12% since the last closing and was traded between 151.55 JPY and 151.83 JPY over the period. The price is currently at +0.17% from its lowest and -0.01% from its highest.

151.55

151.83

151.81

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	146.74	150.17	151.64	151.81
Change (%)	-3.34%	-1.08%	-0.11%	-
Change	-5.07	-1.64	-0.17	-
Level	Intermediate	Major	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	150.10	150.46	151.04	151.40	151.98	152.34	152.92
Camarilla	151.37	151.46	151.54	151.63	151.72	151.80	151.89
Woodie	150.22	150.52	151.16	151.46	152.10	152.40	153.04
Fibonacci	150.46	150.82	151.04	151.40	151.76	151.98	152.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	149.82	150.32	150.97	151.47	152.12	152.62	153.27
Camarilla	151.31	151.42	151.53	151.63	151.74	151.84	151.95
Woodie	149.91	150.36	151.06	151.51	152.21	152.66	153.36
Fibonacci	150.32	150.76	151.03	151.47	151.91	152.18	152.62

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 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):	63.59
MACD (12,26,9):	0.6600
Directional Movement:	7.40
AROON (14):	42.86
DEMA (21):	151.74
Parabolic SAR (0,02-0,02-0,2):	150.81
Elder Ray (13):	0.46
Super Trend (3,10):	149.56
Zig ZAG (10):	151.81
VORTEX (21):	1.3000
Stochastique (14,3,5):	85.75
TEMA (21):	151.90
Williams %R (14):	-9.94
Chande Momentum Oscillator (20):	0.17
Repulse (5,40,3):	0.3800
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.84

MA7:	151.54
MA20:	150.65
MA50:	149.82
MA100:	147.77
MAexp7:	151.53
MAexp20:	150.89
MAexp50:	149.78
MAexp100:	148.57
Price / MA7:	+0.18%
Price / MA20:	+0.77%
Price / MA50:	+1.33%
Price / MA100:	+2.73%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.61%
Price / MAexp50:	+1.36%
Price / MAexp100:	+2.18%

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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