USD/JPY - 1H - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 109.20 JPY
My targets
109.94 JPY (+0.32)
110.57 JPY (+0.95)
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 109.20 JPY. The buyers” bullish objective is set at 109.94 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 110.57 JPY. If there is any crossing, the next objective would be the resistance located at 112.05 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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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 rating is 109.62 JPY. The price registered an increase of +0.24% on the session and was traded between 109.25 JPY and 109.66 JPY over the period. The price is currently at +0.34% from its lowest and -0.04% from its highest.109.25
109.66
109.62
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high 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 2
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
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 these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 108.66 | 108.92 | 109.20 | 109.62 | 109.71 | 109.94 | 110.57 |
| Change (%) | -0.88% | -0.64% | -0.38% | - | +0.08% | +0.29% | +0.87% |
| Change | -0.96 | -0.70 | -0.42 | - | +0.09 | +0.32 | +0.95 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 108.63 | 108.91 | 109.14 | 109.42 | 109.65 | 109.93 | 110.16 |
| Camarilla | 109.22 | 109.27 | 109.31 | 109.36 | 109.41 | 109.45 | 109.50 |
| Woodie | 108.60 | 108.90 | 109.11 | 109.41 | 109.62 | 109.92 | 110.13 |
| Fibonacci | 108.91 | 109.11 | 109.23 | 109.42 | 109.62 | 109.74 | 109.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.34 | 107.89 | 108.62 | 109.17 | 109.90 | 110.45 | 111.18 |
| Camarilla | 109.01 | 109.13 | 109.24 | 109.36 | 109.48 | 109.60 | 109.71 |
| Woodie | 107.44 | 107.94 | 108.72 | 109.22 | 110.00 | 110.50 | 111.28 |
| Fibonacci | 107.89 | 108.38 | 108.68 | 109.17 | 109.66 | 109.96 | 110.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.59 | 107.24 | 108.37 | 109.02 | 110.15 | 110.80 | 111.93 |
| Camarilla | 109.01 | 109.17 | 109.34 | 109.50 | 109.66 | 109.83 | 109.99 |
| Woodie | 106.83 | 107.36 | 108.61 | 109.14 | 110.39 | 110.92 | 112.17 |
| Fibonacci | 107.24 | 107.92 | 108.34 | 109.02 | 109.70 | 110.12 | 110.80 |
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): | 68.59 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 19.07 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 109.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.28 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 109.62 | |
| Zig ZAG (10): | 109.60 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 71.11 | |
| TEMA (21): | 109.46 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.19 |
| MA7: | 108.98 | |
| MA20: | 108.94 | |
| MA50: | 108.72 | |
| MA100: | 107.83 | |
| MAexp7: | 109.48 | |
| MAexp20: | 109.45 | |
| MAexp50: | 109.33 | |
| MAexp100: | 109.16 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.42% |
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 December 17, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of December 16, 2019 by FXEmpire
-
USD/JPY Technical Analysis for December 16, 2019 by FXEmpire
-
USD/JPY Technical Analysis for December 13, 2019 by FXEmpire
-
USD/JPY Technical Analysis for December 12, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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