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 04/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 151.44 JPY

My targets

151.94 JPY (+0.15)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on USD/JPY as long as the price remains well above 151.44 JPY. The buyers' bullish objective is set at 151.94 JPY. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.9

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

Additional analysis

Quotes

USD/JPY rating 151.79 JPY. The price has increased by +0.01% since the last closing and was between 151.68 JPY and 151.81 JPY. This implies that the price is at +0.07% from its lowest and at -0.01% from its highest.

151.68

151.81

151.79

A study of price movements over other periods shows the following variations:

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 USD/JPY in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
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

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

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

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	151.17	151.44	151.64	151.79	151.80	151.94
Change (%)	-0.41%	-0.23%	-0.10%	-	+0.01%	+0.10%
Change	-0.62	-0.35	-0.15	-	+0.01	+0.15
Level	Minor	Major	Major	-	Minor	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	151.22	151.39	151.59	151.76	151.96	152.13	152.33
Camarilla	151.68	151.71	151.75	151.78	151.81	151.85	151.88
Woodie	151.23	151.40	151.60	151.77	151.97	152.14	152.34
Fibonacci	151.39	151.54	151.62	151.76	151.91	151.99	152.13

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):	51.83
MACD (12,26,9):	-0.0100
Directional Movement:	-5.81
AROON (14):	100.00
DEMA (21):	151.75
Parabolic SAR (0,02-0,02-0,2):	151.57
Elder Ray (13):	0.04
Super Trend (3,10):	151.96
Zig ZAG (10):	151.79
VORTEX (21):	0.9500
Stochastique (14,3,5):	87.12
TEMA (21):	151.74
Williams %R (14):	-18.75
Chande Momentum Oscillator (20):	0.10
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.01

MA7:	151.64
MA20:	151.06
MA50:	150.01
MA100:	147.83
MAexp7:	151.76
MAexp20:	151.76
MAexp50:	151.75
MAexp100:	151.70
Price / MA7:	+0.10%
Price / MA20:	+0.48%
Price / MA50:	+1.19%
Price / MA100:	+2.68%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.03%
Price / MAexp100:	+0.06%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/JPY at the time of the analysis were as follows:

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

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