USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 15 min. - Technical analysis published on 06/18/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 157.60 JPY
My targets
158.06 JPY (+0.33)
158.41 JPY (+0.68)
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 157.60 JPY. The buyers' bullish objective is set at 158.06 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 158.41 JPY. If there is any crossing, the next objective would be the resistance located at 158.87 JPY.

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
0
10
5.5

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 OzO. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 157.73 JPY. On the day, this instrument gained +0.02% and was traded between 157.52 JPY and 157.73 JPY over the period. The price is currently at +0.13% from its lowest and 0% from its highest.

157.52
157.73
157.73

Here is a more detailed summary of the historical variations registered by USD/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of this 15 min. chart of USD/JPY indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 155.72 156.81 157.41 157.73 157.96 158.33
Change (%) -1.27% -0.58% -0.20% - +0.15% +0.38%
Change -2.01 -0.92 -0.32 - +0.23 +0.60
Level Minor Minor Intermediate - Minor Major



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
Standard156.44156.79157.25157.60158.06158.41158.87
Camarilla157.48157.55157.63157.70157.77157.85157.92
Woodie156.49156.82157.30157.63158.11158.44158.92
Fibonacci156.79157.10157.29157.60157.91158.10158.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard153.45154.59155.99157.13158.53159.67161.07
Camarilla156.70156.93157.17157.40157.63157.87158.10
Woodie153.59154.66156.13157.20158.67159.74161.21
Fibonacci154.59155.56156.16157.13158.10158.70159.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard147.30149.58153.45155.73159.60161.88165.75
Camarilla155.63156.19156.76157.32157.88158.45159.01
Woodie148.10149.98154.25156.13160.40162.28166.55
Fibonacci149.58151.93153.38155.73158.08159.53161.88

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 53.40
MACD (12,26,9): -0.0200
Directional Movement: 2.93
AROON (14): -21.43
DEMA (21): 157.62
Parabolic SAR (0,02-0,02-0,2): 157.52
Elder Ray (13): 0
Super Trend (3,10): 157.78
Zig ZAG (10): 157.69
VORTEX (21): 0.9700
Stochastique (14,3,5): 64.81
TEMA (21): 157.62
Williams %R (14): -5.56
Chande Momentum Oscillator (20): 0.13
Repulse (5,40,3): 0.0700
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.03
MA7: 157.27
MA20: 156.85
MA50: 155.80
MA100: 152.85
MAexp7: 157.65
MAexp20: 157.64
MAexp50: 157.67
MAexp100: 157.64
Price / MA7: +0.29%
Price / MA20: +0.56%
Price / MA50: +1.24%
Price / MA100: +3.19%
Price / MAexp7: +0.04%
Price / MAexp20: +0.05%
Price / MAexp50: +0.03%
Price / MAexp100: +0.05%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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