USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 05/10/2024 (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

72%

22%

My opinion

Bullish above 155.16 JPY

My targets

156.48 JPY (+0.63)

157.00 JPY (+1.15)

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 155.16 JPY. The next resistance located at 156.48 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 157.00 JPY. After this resistance, buyers could then target 158.33 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

8.2

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 155.85 JPY. The price registered an increase of +0.30% on the session and was traded between 155.36 JPY and 155.91 JPY over the period. The price is currently at +0.32% from its lowest and -0.04% from its highest.

155.36

155.91

155.85

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	153.02	154.00	155.16	155.85	155.96	156.48	157.00
Change (%)	-1.82%	-1.19%	-0.44%	-	+0.07%	+0.40%	+0.74%
Change	-2.83	-1.85	-0.69	-	+0.11	+0.63	+1.15
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Minor

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	154.25	154.70	155.05	155.50	155.85	156.30	156.65
Camarilla	155.17	155.24	155.32	155.39	155.46	155.54	155.61
Woodie	154.19	154.68	154.99	155.48	155.79	156.28	156.59
Fibonacci	154.70	155.01	155.20	155.50	155.81	156.00	156.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.49	146.67	149.86	155.04	158.23	163.41	166.60
Camarilla	150.74	151.51	152.27	153.04	153.81	154.58	155.34
Woodie	140.49	146.17	148.86	154.54	157.23	162.91	165.60
Fibonacci	146.67	149.87	151.85	155.04	158.24	160.22	163.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.88	146.84	152.30	156.26	161.72	165.68	171.14
Camarilla	155.16	156.02	156.89	157.75	158.61	159.48	160.34
Woodie	143.62	147.22	153.04	156.64	162.46	166.06	171.88
Fibonacci	146.84	150.44	152.67	156.26	159.86	162.09	165.68

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):	60.28
MACD (12,26,9):	0.0700
Directional Movement:	0.38
AROON (14):	57.14
DEMA (21):	155.80
Parabolic SAR (0,02-0,02-0,2):	155.55
Elder Ray (13):	0.12
Super Trend (3,10):	155.44
Zig ZAG (10):	155.84
VORTEX (21):	1.1400
Stochastique (14,3,5):	87.28
TEMA (21):	155.80
Williams %R (14):	-17.07
Chande Momentum Oscillator (20):	0.17
Repulse (5,40,3):	0.0300
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.27

MA7:	154.54
MA20:	155.14
MA50:	152.37
MA100:	149.80
MAexp7:	155.80
MAexp20:	155.72
MAexp50:	155.55
MAexp100:	155.31
Price / MA7:	+0.85%
Price / MA20:	+0.46%
Price / MA50:	+2.28%
Price / MA100:	+4.04%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.35%

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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