USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 04/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

44%

My opinion

Bullish above 154.13 JPY

My targets

155.27 JPY (+0.68)

155.94 JPY (+1.35)

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 154.13 JPY. The next resistance located at 155.27 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 155.94 JPY. After this resistance, buyers could then target 157.08 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

USD/JPY rating 154.59 JPY. The price is lower by -0.01% since the last closing and was between 154.46 JPY and 154.69 JPY. This implies that the price is at +0.08% from its lowest and at -0.06% from its highest.

154.46

154.69

154.59

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

Here is a more detailed summary of the historical variations registered by USD/JPY:

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

A technical analysis in 1H of this USD/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% 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.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	152.59	153.31	154.45	154.59	154.70
Change (%)	-1.29%	-0.83%	-0.09%	-	+0.07%
Change	-2.00	-1.28	-0.14	-	+0.11
Level	Intermediate	Intermediate	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
Standard	152.82	153.20	153.91	154.29	155.00	155.38	156.09
Camarilla	154.31	154.41	154.51	154.61	154.71	154.81	154.91
Woodie	152.98	153.28	154.07	154.37	155.16	155.46	156.25
Fibonacci	153.20	153.62	153.88	154.29	154.71	154.97	155.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.65	152.32	153.46	154.13	155.27	155.94	157.08
Camarilla	154.11	154.28	154.44	154.61	154.78	154.94	155.11
Woodie	151.90	152.44	153.71	154.25	155.52	156.06	157.33
Fibonacci	152.32	153.01	153.44	154.13	154.82	155.25	155.94

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	54.68
MACD (12,26,9):	0.0400
Directional Movement:	-6.17
AROON (14):	71.43
DEMA (21):	154.59
Parabolic SAR (0,02-0,02-0,2):	154.44
Elder Ray (13):	0.04
Super Trend (3,10):	154.23
Zig ZAG (10):	154.63
VORTEX (21):	1.2600
Stochastique (14,3,5):	60.48
TEMA (21):	154.62
Williams %R (14):	-21.74
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.20

MA7:	154.32
MA20:	152.67
MA50:	150.95
MA100:	148.30
MAexp7:	154.58
MAexp20:	154.55
MAexp50:	154.49
MAexp100:	154.30
Price / MA7:	+0.17%
Price / MA20:	+1.26%
Price / MA50:	+2.41%
Price / MA100:	+4.24%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.06%
Price / MAexp100:	+0.19%

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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