USD/JPY - 1H - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 108.90 JPY
My targets
109.24 JPY (+0.03%)
109.49 JPY (+0.26%)
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 108.90 JPY. The buyers” bullish objective is set at 109.24 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 109.49 JPY. If there is any crossing, the next objective would be the resistance located at 109.92 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 109.21 JPY. The price registered an increase of +0.16% on the session and was between 108.99 JPY and 109.29 JPY. This implies that the price is at +0.20% from its lowest and at -0.07% from its highest.108.99
109.29
109.21
Here is a more detailed summary of the historical variations registered by USD/JPY:
Technical
Technical analysis of USD/JPY in 1H shows a strongly overall bullish trend. 85.71% 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 currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate 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
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 108.32 | 108.49 | 108.90 | 109.21 | 109.24 | 109.49 | 109.92 |
| Change (%) | -0.81% | -0.66% | -0.28% | - | +0.03% | +0.26% | +0.65% |
| Change | -0.89 | -0.72 | -0.31 | - | +0.03 | +0.28 | +0.71 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 108.50 | 108.69 | 108.87 | 109.06 | 109.24 | 109.43 | 109.61 |
| Camarilla | 108.94 | 108.97 | 109.01 | 109.04 | 109.07 | 109.11 | 109.14 |
| Woodie | 108.49 | 108.69 | 108.86 | 109.06 | 109.23 | 109.43 | 109.60 |
| Fibonacci | 108.69 | 108.84 | 108.92 | 109.06 | 109.21 | 109.29 | 109.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.15 | 107.67 | 108.45 | 108.97 | 109.75 | 110.27 | 111.05 |
| Camarilla | 108.87 | 108.99 | 109.11 | 109.23 | 109.35 | 109.47 | 109.59 |
| Woodie | 107.28 | 107.74 | 108.58 | 109.04 | 109.88 | 110.34 | 111.18 |
| Fibonacci | 107.67 | 108.17 | 108.47 | 108.97 | 109.47 | 109.77 | 110.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.75 | 105.11 | 106.56 | 107.92 | 109.37 | 110.73 | 112.18 |
| Camarilla | 107.23 | 107.49 | 107.74 | 108.00 | 108.26 | 108.52 | 108.77 |
| Woodie | 103.79 | 105.13 | 106.60 | 107.94 | 109.41 | 110.75 | 112.22 |
| Fibonacci | 105.11 | 106.19 | 106.85 | 107.92 | 109.00 | 109.66 | 110.73 |
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): | 59.54 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 9.80 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 109.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.06 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 109.03 | |
| Zig ZAG (10): | 109.23 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 79.24 | |
| TEMA (21): | 109.24 | |
| Williams %R (14): | -23.33 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.32 |
| MA7: | 109.08 | |
| MA20: | 108.75 | |
| MA50: | 108.10 | |
| MA100: | 107.66 | |
| MAexp7: | 109.20 | |
| MAexp20: | 109.14 | |
| MAexp50: | 109.11 | |
| MAexp100: | 109.06 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +1.03% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.15% |
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Technical Analysis for November 12, 2019 by FXEmpire
-
USD/JPY Technical Analysis for November 11, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of November 11, 2019 by FXEmpire
-
USD/JPY Technical Analysis for November 08, 2019 by FXEmpire
-
US Dollar Stalled Rally Leaves USDJPY Exposed, Dow Due for a Break
This member declared not having a position on this financial instrument or a related financial instrument.
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