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 05/13/2024 (GMT)

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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

61%

11%

28%

My opinion

Bullish above 154.84 JPY

My targets

156.89 JPY (+1.02)

157.38 JPY (+1.51)

My analysis

The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 154.84 JPY, you could try to benefit from the boom. The first bullish objective is located at 156.89 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 157.38 JPY as an objective. Crossing it would then enable buyers to target 158.33 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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 rating is 155.87 JPY. On the day, this instrument gained +0.03% and was between 155.51 JPY and 155.96 JPY. This implies that the price is at +0.23% from its lowest and at -0.06% from its highest.

155.51

155.96

155.87

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, 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 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. 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, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	151.64	153.02	154.00	155.87	155.95	157.38	158.33
Change (%)	-2.71%	-1.83%	-1.20%	-	+0.05%	+0.97%	+1.58%
Change	-4.23	-2.85	-1.87	-	+0.08	+1.51	+2.46
Level	Major	Intermediate	Intermediate	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.50	155.57	155.70	155.77	155.90	155.97	156.10
Camarilla	155.78	155.79	155.81	155.83	155.85	155.87	155.89
Woodie	155.53	155.59	155.73	155.79	155.93	155.99	156.13
Fibonacci	155.57	155.65	155.69	155.77	155.85	155.89	155.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.57	151.68	153.73	154.84	156.89	158.00	160.05
Camarilla	154.90	155.19	155.48	155.77	156.06	156.35	156.64
Woodie	151.03	151.92	154.19	155.08	157.35	158.24	160.51
Fibonacci	151.68	152.89	153.64	154.84	156.05	156.80	158.00

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.16
MACD (12,26,9):	0.0500
Directional Movement:	-11.67
AROON (14):	-7.15
DEMA (21):	155.86
Parabolic SAR (0,02-0,02-0,2):	155.96
Elder Ray (13):	0.05
Super Trend (3,10):	155.54
Zig ZAG (10):	155.89
VORTEX (21):	1.1000
Stochastique (14,3,5):	80.19
TEMA (21):	155.85
Williams %R (14):	-26.67
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	0.1000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.08

MA7:	155.32
MA20:	155.28
MA50:	152.59
MA100:	150.07
MAexp7:	155.83
MAexp20:	155.78
MAexp50:	155.64
MAexp100:	155.42
Price / MA7:	+0.35%
Price / MA20:	+0.38%
Price / MA50:	+2.15%
Price / MA100:	+3.86%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.15%
Price / MAexp100:	+0.29%

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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