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USD/JPY
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 08/19/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 106.50 JPY
My targets
106.78 JPY (+0.20%)
106.98 JPY (+0.38%)
My analysis
The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 106.50 JPY, you could try to benefit from the boom. The first bullish objective is located at 106.78 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 106.98 JPY as an objective. Crossing it would then enable buyers to target 107.43 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.

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 106.57 JPY. The price registered an increase of +0.18% on the session with the lowest point at 106.22 JPY and the highest point at 106.70 JPY. The deviation from the price is +0.33% for the low point and -0.12% for the high point.

106.22
106.70
106.57

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/JPY in 1H shows a strongly overall bullish trend. 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 market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 105.61 106.29 106.50 106.57 106.78 106.98 107.43
Change (%) -0.90% -0.26% -0.07% - +0.20% +0.38% +0.81%
Change -0.96 -0.28 -0.07 - +0.21 +0.41 +0.86
Level Major 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
Standard105.62105.82106.10106.30106.58106.78107.06
Camarilla106.25106.29106.34106.38106.42106.47106.51
Woodie105.66105.84106.14106.32106.62106.80107.10
Fibonacci105.82106.00106.12106.30106.48106.60106.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.35104.19105.29106.13107.23108.07109.17
Camarilla105.85106.02106.20106.38106.56106.74106.91
Woodie103.47104.26105.41106.20107.35108.14109.29
Fibonacci104.19104.93105.39106.13106.87107.33108.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.90106.55107.69108.34109.48110.13111.27
Camarilla108.33108.49108.66108.82108.98109.15109.31
Woodie106.14106.67107.93108.46109.72110.25111.51
Fibonacci106.55107.24107.66108.34109.03109.45110.13

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): 58.42
MACD (12,26,9): 0.0700
Directional Movement: 11.50
AROON (14): 21.43
DEMA (21): 106.62
Parabolic SAR (0,02-0,02-0,2): 106.39
Elder Ray (13): 0.03
Super Trend (3,10): 106.35
Zig ZAG (10): 106.56
VORTEX (21): 1.1600
Stochastique (14,3,5): 64.67
TEMA (21): 106.63
Williams %R (14): -52.00
Chande Momentum Oscillator (20): -0.01
Repulse (5,40,3): -0.0300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.25
MA7: 106.09
MA20: 107.03
MA50: 107.64
MA100: 109.06
MAexp7: 106.59
MAexp20: 106.53
MAexp50: 106.40
MAexp100: 106.25
Price / MA7: +0.45%
Price / MA20: -0.43%
Price / MA50: -0.99%
Price / MA100: -2.28%
Price / MAexp7: -0.02%
Price / MAexp20: +0.04%
Price / MAexp50: +0.16%
Price / MAexp100: +0.30%

News


The last news published on USD/JPY at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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