EUR/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

44%

My opinion

Bullish above 167.97 JPY

My targets

169.08 JPY (+0.18)

169.54 JPY (+0.64)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/JPY. As long as you are above the support located at 167.97 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 169.08 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 169.54 JPY as an objective. If the support 167.97 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

Comment on the analysis

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.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY price is 168.90 JPY. The price registered an increase of +0.01% on the session and was between 168.78 JPY and 169.29 JPY. This implies that the price is at +0.07% from its lowest and at -0.23% from its highest.

168.78

169.29

168.90

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	166.74	167.34	167.97	168.90	169.08	169.54
Change (%)	-1.28%	-0.92%	-0.55%	-	+0.11%	+0.38%
Change	-2.16	-1.56	-0.93	-	+0.18	+0.64
Level	Minor	Major	Minor	-	Minor	Major

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	166.22	166.78	167.83	168.39	169.44	170.00	171.05
Camarilla	168.45	168.60	168.74	168.89	169.04	169.19	169.33
Woodie	166.48	166.90	168.09	168.51	169.70	170.12	171.31
Fibonacci	166.78	167.39	167.77	168.39	169.00	169.38	170.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.95	163.20	165.49	166.74	169.03	170.28	172.57
Camarilla	166.82	167.14	167.47	167.79	168.12	168.44	168.76
Woodie	162.48	163.46	166.02	167.00	169.56	170.54	173.10
Fibonacci	163.20	164.55	165.38	166.74	168.09	168.92	170.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.81	158.04	163.16	167.39	172.51	176.74	181.86
Camarilla	165.71	166.57	167.42	168.28	169.14	169.99	170.85
Woodie	154.26	158.26	163.61	167.61	172.96	176.96	182.31
Fibonacci	158.04	161.61	163.82	167.39	170.96	173.17	176.74

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):	49.82
MACD (12,26,9):	0.1100
Directional Movement:	-0.67
AROON (14):	7.14
DEMA (21):	169.09
Parabolic SAR (0,02-0,02-0,2):	169.20
Elder Ray (13):	-0.05
Super Trend (3,10):	168.63
Zig ZAG (10):	168.85
VORTEX (21):	1.0400
Stochastique (14,3,5):	27.94
TEMA (21):	169.11
Williams %R (14):	-86.27
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	-0.1700
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.14

MA7:	168.42
MA20:	167.15
MA50:	165.00
MA100:	162.79
MAexp7:	168.99
MAexp20:	168.93
MAexp50:	168.75
MAexp100:	168.51
Price / MA7:	+0.29%
Price / MA20:	+1.05%
Price / MA50:	+2.36%
Price / MA100:	+3.75%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.01%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.24%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/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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