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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 01/17/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 109.94 JPY
My targets
110.57 JPY (+0.40)
110.98 JPY (+0.81)
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 109.94 JPY. The buyers” bullish objective is set at 110.57 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 110.98 JPY. If there is any crossing, the next objective would be the resistance located at 112.05 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.7

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.

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

Additional analysis

Quotes

The USD/JPY price is 110.17 JPY. On the day, this instrument lost -0.01% and was between 110.15 JPY and 110.29 JPY. This implies that the price is at +0.02% from its lowest and at -0.11% from its highest.

110.15
110.29
110.17

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/JPY in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 107.65 108.49 109.94 110.17 110.19 110.57 112.05
Change (%) -2.29% -1.52% -0.21% - +0.02% +0.36% +1.71%
Change -2.52 -1.68 -0.23 - +0.02 +0.40 +1.88
Level Minor Major Major - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard109.58109.73109.95110.10110.32110.47110.69
Camarilla110.08110.11110.15110.18110.21110.25110.28
Woodie109.63109.75110.00110.12110.37110.49110.74
Fibonacci109.73109.87109.96110.10110.24110.33110.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.14106.90108.18108.94110.22110.98112.26
Camarilla108.91109.10109.28109.47109.66109.84110.03
Woodie106.41107.03108.45109.07110.49111.11112.53
Fibonacci106.90107.68108.16108.94109.72110.20110.98


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.56
MACD (12,26,9): 0.0500
Directional Movement: 13.74
AROON (14): 28.57
DEMA (21): 110.23
Parabolic SAR (0,02-0,02-0,2): 110.28
Elder Ray (13): 0
Super Trend (3,10): 110.03
Zig ZAG (10): 110.18
VORTEX (21): 1.1400
Stochastique (14,3,5): 41.18
TEMA (21): 110.23
Williams %R (14): -64.71
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): -0.0300
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.14
MA7: 109.87
MA20: 109.22
MA50: 109.08
MA100: 108.52
MAexp7: 110.19
MAexp20: 110.16
MAexp50: 110.07
MAexp100: 109.92
Price / MA7: +0.27%
Price / MA20: +0.87%
Price / MA50: +1.00%
Price / MA100: +1.52%
Price / MAexp7: -0.02%
Price / MAexp20: +0.01%
Price / MAexp50: +0.09%
Price / MAexp100: +0.23%

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:

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

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