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 04/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 154.45 JPY

My targets

155.71 JPY (+1.04)

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 154.45 JPY. The buyers' bullish objective is set at 155.71 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, 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

7.5

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 154.67 JPY. On the day, this instrument lost -0.02% and was traded between 154.45 JPY and 154.74 JPY over the period. The price is currently at +0.14% from its lowest and -0.05% from its highest.

154.45

154.74

154.67

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

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

Technical analysis of this 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently 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

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	152.59	153.31	154.45	154.67	154.78
Change (%)	-1.34%	-0.88%	-0.14%	-	+0.07%
Change	-2.08	-1.36	-0.22	-	+0.11
Level	Minor	Minor	Minor	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.26	153.59	154.14	154.47	155.02	155.35	155.90
Camarilla	154.46	154.54	154.62	154.70	154.78	154.86	154.94
Woodie	153.38	153.65	154.26	154.53	155.14	155.41	156.02
Fibonacci	153.59	153.92	154.13	154.47	154.80	155.01	155.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.19	150.87	152.03	152.71	153.87	154.55	155.71
Camarilla	152.68	152.85	153.02	153.19	153.36	153.53	153.70
Woodie	150.43	150.99	152.27	152.83	154.11	154.67	155.95
Fibonacci	150.87	151.57	152.01	152.71	153.41	153.85	154.55

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):	57.16
MACD (12,26,9):	0.0400
Directional Movement:	-3.05
AROON (14):	-42.86
DEMA (21):	154.68
Parabolic SAR (0,02-0,02-0,2):	154.21
Elder Ray (13):	0.05
Super Trend (3,10):	154.30
Zig ZAG (10):	154.65
VORTEX (21):	1.0300
Stochastique (14,3,5):	67.22
TEMA (21):	154.61
Williams %R (14):	-25.93
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.07

MA7:	153.53
MA20:	152.21
MA50:	150.64
MA100:	148.09
MAexp7:	154.63
MAexp20:	154.61
MAexp50:	154.41
MAexp100:	153.96
Price / MA7:	+0.74%
Price / MA20:	+1.62%
Price / MA50:	+2.68%
Price / MA100:	+4.44%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.46%

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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