USD/JPY - 1H - Technical analysis published on 08/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 106.32 JPY
My targets
107.09 JPY (+0.55%)
107.43 JPY (+0.87%)
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 106.32 JPY. The next resistance located at 107.09 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 107.43 JPY. After this resistance, buyers could then target 108.87 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.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 106.50 JPY. On the day, this instrument gained +1.06% and was between 105.06 JPY and 106.98 JPY. This implies that the price is at +1.37% from its lowest and at -0.45% from its highest.105.06
106.98
106.50
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 104.74 | 105.61 | 106.32 | 106.50 | 107.09 | 107.43 | 108.87 |
| Change (%) | -1.65% | -0.84% | -0.17% | - | +0.55% | +0.87% | +2.23% |
| Change | -1.76 | -0.89 | -0.18 | - | +0.59 | +0.93 | +2.37 |
| Level | Major | Major | Minor | - | Minor | Major | 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 | 104.55 | 104.79 | 105.09 | 105.33 | 105.63 | 105.87 | 106.17 |
| Camarilla | 105.23 | 105.28 | 105.33 | 105.38 | 105.43 | 105.48 | 105.53 |
| Woodie | 104.57 | 104.81 | 105.11 | 105.35 | 105.65 | 105.89 | 106.19 |
| Fibonacci | 104.79 | 105.00 | 105.13 | 105.33 | 105.54 | 105.67 | 105.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.12 | 104.19 | 104.94 | 106.01 | 106.76 | 107.83 | 108.58 |
| Camarilla | 105.18 | 105.35 | 105.51 | 105.68 | 105.85 | 106.01 | 106.18 |
| Woodie | 102.95 | 104.11 | 104.77 | 105.93 | 106.59 | 107.75 | 108.41 |
| Fibonacci | 104.19 | 104.89 | 105.32 | 106.01 | 106.71 | 107.14 | 107.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.90 | 106.55 | 107.69 | 108.34 | 109.48 | 110.13 | 111.27 |
| Camarilla | 108.33 | 108.49 | 108.66 | 108.82 | 108.98 | 109.15 | 109.31 |
| Woodie | 106.14 | 106.67 | 107.93 | 108.46 | 109.72 | 110.25 | 111.51 |
| Fibonacci | 106.55 | 107.24 | 107.66 | 108.34 | 109.03 | 109.45 | 110.13 |
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): | 77.37 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 32.03 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 106.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.31 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 105.66 | |
| Zig ZAG (10): | 106.53 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 78.12 | |
| TEMA (21): | 106.38 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 1.09 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.53 |
| MA7: | 105.93 | |
| MA20: | 107.33 | |
| MA50: | 107.81 | |
| MA100: | 109.24 | |
| MAexp7: | 106.24 | |
| MAexp20: | 105.81 | |
| MAexp50: | 105.64 | |
| MAexp100: | 105.78 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | -2.51% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +0.68% |
News
Don"t forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:
-
USD/JPY Technical Analysis for August 14, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 13, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of August 12, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 12, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 09, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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