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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 01/07/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 108.27 JPY
My targets
108.87 JPY (+0.33)
109.56 JPY (+1.02)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/JPY. This is a positive signal for buyers. As long as the price remains above 108.27 JPY, a purchase could be considered. The first bullish objective is located at 108.87 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 109.56 JPY as an objective. Crossing it would then enable buyers to target 110.57 JPY. In the event of a return below 108.27 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
6.3

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.

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

Additional analysis

Quotes

The USD/JPY price is 108.54 JPY. The price registered an increase of +0.12% on the session and was between 108.26 JPY and 108.63 JPY. This implies that the price is at +0.26% from its lowest and at -0.08% from its highest.

108.26
108.63
108.54

Here is a more detailed summary of the historical variations registered by USD/JPY:

Technical


A technical analysis in 1H of this USD/JPY chart shows a bullish trend. 75% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 108.12 108.27 108.49 108.54 108.87 109.56 110.57
Change (%) -0.39% -0.25% -0.05% - +0.30% +0.94% +1.87%
Change -0.42 -0.27 -0.05 - +0.33 +1.02 +2.03
Level Minor Minor Major - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.21107.49107.95108.23108.69108.97109.43
Camarilla108.21108.27108.34108.41108.48108.55108.61
Woodie107.30107.54108.04108.28108.78109.02109.52
Fibonacci107.49107.77107.95108.23108.51108.69108.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.81106.82107.46108.47109.11110.12110.76
Camarilla107.64107.79107.94108.09108.24108.39108.54
Woodie105.62106.73107.27108.38108.92110.03110.57
Fibonacci106.82107.45107.84108.47109.10109.49110.12


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.82107.62108.12108.92109.42110.22110.72
Camarilla108.25108.37108.49108.61108.73108.85108.97
Woodie106.66107.55107.96108.85109.26110.15110.56
Fibonacci107.62108.12108.43108.92109.42109.73110.22

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): 60.55
MACD (12,26,9): 0.0600
Directional Movement: 5.07
AROON (14): 64.29
DEMA (21): 108.55
Parabolic SAR (0,02-0,02-0,2): 108.34
Elder Ray (13): 0.04
Super Trend (3,10): 108.26
Zig ZAG (10): 108.55
VORTEX (21): 1.0800
Stochastique (14,3,5): 75.68
TEMA (21): 108.56
Williams %R (14): -21.62
Chande Momentum Oscillator (20): 0.10
Repulse (5,40,3): 0.0100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.15
MA7: 108.54
MA20: 109.08
MA50: 108.93
MA100: 108.24
MAexp7: 108.52
MAexp20: 108.46
MAexp50: 108.38
MAexp100: 108.44
Price / MA7: -0%
Price / MA20: -0.50%
Price / MA50: -0.36%
Price / MA100: +0.28%
Price / MAexp7: +0.02%
Price / MAexp20: +0.07%
Price / MAexp50: +0.15%
Price / MAexp100: +0.09%

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.

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Londinia AI

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