USD/JPY - 1H - Technical analysis published on 02/17/2020 (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
56%
0%
44%
My opinion
Bullish above 109.81 JPY
My targets
110.13 JPY (+0.20)
110.57 JPY (+0.64)
My analysis
The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 109.81 JPY, you could try to benefit from the boom. The first bullish objective is located at 110.13 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 110.57 JPY as an objective. Crossing it would then enable buyers to target 112.05 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.
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
7.5
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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 109.93 JPY. On the day, this instrument gained +0.16% and was traded between 109.72 JPY and 109.97 JPY over the period. The price is currently at +0.19% from its lowest and -0.04% from its highest.109.72
109.97
109.93
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this USD/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 109.62 | 109.74 | 109.81 | 109.93 | 109.94 | 110.02 | 110.13 |
| Change (%) | -0.28% | -0.17% | -0.11% | - | +0.01% | +0.08% | +0.18% |
| Change | -0.31 | -0.19 | -0.12 | - | +0.01 | +0.09 | +0.20 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
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 | 109.46 | 109.58 | 109.67 | 109.79 | 109.88 | 110.00 | 110.09 |
| Camarilla | 109.70 | 109.72 | 109.74 | 109.76 | 109.78 | 109.80 | 109.82 |
| Woodie | 109.45 | 109.57 | 109.66 | 109.78 | 109.87 | 109.99 | 110.08 |
| Fibonacci | 109.58 | 109.66 | 109.71 | 109.79 | 109.87 | 109.92 | 110.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.93 | 109.25 | 109.50 | 109.82 | 110.07 | 110.39 | 110.64 |
| Camarilla | 109.60 | 109.66 | 109.71 | 109.76 | 109.81 | 109.87 | 109.92 |
| Woodie | 108.91 | 109.23 | 109.48 | 109.80 | 110.05 | 110.37 | 110.62 |
| Fibonacci | 109.25 | 109.46 | 109.60 | 109.82 | 110.03 | 110.17 | 110.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.60 | 106.12 | 107.24 | 108.76 | 109.88 | 111.40 | 112.52 |
| Camarilla | 107.62 | 107.87 | 108.11 | 108.35 | 108.59 | 108.83 | 109.08 |
| Woodie | 104.39 | 106.02 | 107.03 | 108.66 | 109.67 | 111.30 | 112.31 |
| Fibonacci | 106.12 | 107.13 | 107.76 | 108.76 | 109.77 | 110.40 | 111.40 |
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): | 61.05 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 9.33 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 109.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.86 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 109.96 | |
| Zig ZAG (10): | 109.93 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 77.08 | |
| TEMA (21): | 109.95 | |
| Williams %R (14): | -31.25 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.16 |
| MA7: | 109.81 | |
| MA20: | 109.47 | |
| MA50: | 109.35 | |
| MA100: | 108.94 | |
| MAexp7: | 109.92 | |
| MAexp20: | 109.89 | |
| MAexp50: | 109.85 | |
| MAexp100: | 109.83 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.53% | |
| Price / MA100: | +0.91% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.09% |
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis for February 18, 2020 by FXEmpire
-
USD/JPY Technical Analysis for the week of February 17, 2020 by FXEmpire
-
USD/JPY Technical Analysis for February 17, 2020 by FXEmpire
-
USD/JPY Technical Analysis for February 14, 2020 by FXEmpire
-
USD/JPY Technical Analysis for February 13, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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