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 04/23/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 154.46 JPY

My targets

155.27 JPY (+0.50)

155.94 JPY (+1.17)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/JPY. As long as you are above the support located at 154.46 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 155.27 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 155.94 JPY as an objective. Crossing it would then enable buyers to target 157.08 JPY. If the support 154.46 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

3.6

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

Additional analysis

Quotes

The USD/JPY rating is 154.77 JPY. On the day, this instrument lost -0.03% and was traded between 154.66 JPY and 154.83 JPY over the period. The price is currently at +0.07% from its lowest and -0.04% from its highest.

154.66

154.83

154.77

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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 USD/JPY in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being 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 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	152.97	153.59	154.46	154.77	154.87
Change (%)	-1.16%	-0.76%	-0.20%	-	+0.06%
Change	-1.80	-1.18	-0.31	-	+0.10
Level	Minor	Minor	Major	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	154.15	154.30	154.56	154.71	154.97	155.12	155.38
Camarilla	154.70	154.74	154.77	154.81	154.85	154.89	154.92
Woodie	154.20	154.33	154.61	154.74	155.02	155.15	155.43
Fibonacci	154.30	154.46	154.56	154.71	154.87	154.97	155.12

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):	51.37
MACD (12,26,9):	0.0200
Directional Movement:	-4.11
AROON (14):	-42.86
DEMA (21):	154.80
Parabolic SAR (0,02-0,02-0,2):	154.84
Elder Ray (13):	-0.02
Super Trend (3,10):	154.60
Zig ZAG (10):	154.77
VORTEX (21):	1.0800
Stochastique (14,3,5):	44.44
TEMA (21):	154.78
Williams %R (14):	-47.62
Chande Momentum Oscillator (20):	-0.05
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.01

MA7:	154.58
MA20:	152.84
MA50:	151.03
MA100:	148.38
MAexp7:	154.77
MAexp20:	154.76
MAexp50:	154.68
MAexp100:	154.51
Price / MA7:	+0.12%
Price / MA20:	+1.26%
Price / MA50:	+2.48%
Price / MA100:	+4.31%
Price / MAexp7:	-0%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.06%
Price / MAexp100:	+0.17%

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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