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 04/11/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 151.94 JPY

My targets

153.27 JPY (+0.13)

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 151.94 JPY. The buyers' bullish objective is set at 153.27 JPY. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

The USD/JPY price is 153.14 JPY. On the day, this instrument gained +0.12% with the lowest point at 152.76 JPY and the highest point at 153.16 JPY. The deviation from the price is +0.25% for the low point and -0.01% for the high point.

152.76

153.16

153.14

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 for higher/lower results shows the following items:

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

A technical analysis in 1H of this USD/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	151.64	151.78	151.94	153.14
Change (%)	-0.98%	-0.89%	-0.78%	-
Change	-1.50	-1.36	-1.20	-
Level	Major	Intermediate	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.45	151.06	152.01	152.62	153.57	154.18	155.13
Camarilla	152.52	152.66	152.81	152.95	153.09	153.24	153.38
Woodie	150.61	151.15	152.17	152.71	153.73	154.27	155.29
Fibonacci	151.06	151.66	152.03	152.62	153.22	153.59	154.18

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):	69.92
MACD (12,26,9):	0.2400
Directional Movement:	24.24
AROON (14):	21.43
DEMA (21):	153.08
Parabolic SAR (0,02-0,02-0,2):	152.76
Elder Ray (13):	0.18
Super Trend (3,10):	152.58
Zig ZAG (10):	153.09
VORTEX (21):	1.2800
Stochastique (14,3,5):	58.33
TEMA (21):	153.13
Williams %R (14):	-21.67
Chande Momentum Oscillator (20):	0.14
Repulse (5,40,3):	0.1600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.37

MA7:	152.03
MA20:	151.36
MA50:	150.16
MA100:	147.89
MAexp7:	152.96
MAexp20:	152.75
MAexp50:	152.37
MAexp100:	152.09
Price / MA7:	+0.73%
Price / MA20:	+1.18%
Price / MA50:	+1.98%
Price / MA100:	+3.55%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.51%
Price / MAexp100:	+0.69%

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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