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 05/16/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Neutral between 154.70 JPY and 155.96 JPY

My targets

My analysis

The short-term increase on USD/JPY remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 155.96 JPY. The first support is located at 154.70 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 USD/JPY price is 155.33 JPY. On the day, this instrument gained +0.67% and was between 153.60 JPY and 155.54 JPY. This implies that the price is at +1.13% from its lowest and at -0.14% from its highest.

153.60

155.54

155.33

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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/JPY in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. 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

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	154.00	154.70	155.26	155.33	155.96	156.56	158.33
Change (%)	-0.86%	-0.41%	-0.05%	-	+0.41%	+0.79%	+1.93%
Change	-1.33	-0.63	-0.07	-	+0.63	+1.23	+3.00
Level	Major	Intermediate	Minor	-	Major	Intermediate	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	151.04	152.59	153.45	155.00	155.86	157.41	158.27
Camarilla	153.64	153.86	154.08	154.30	154.52	154.74	154.96
Woodie	150.69	152.42	153.10	154.83	155.51	157.24	157.92
Fibonacci	152.59	153.51	154.08	155.00	155.92	156.49	157.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.57	151.68	153.73	154.84	156.89	158.00	160.05
Camarilla	154.90	155.19	155.48	155.77	156.06	156.35	156.64
Woodie	151.03	151.92	154.19	155.08	157.35	158.24	160.51
Fibonacci	151.68	152.89	153.64	154.84	156.05	156.80	158.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.88	146.84	152.30	156.26	161.72	165.68	171.14
Camarilla	155.16	156.02	156.89	157.75	158.61	159.48	160.34
Woodie	143.62	147.22	153.04	156.64	162.46	166.06	171.88
Fibonacci	146.84	150.44	152.67	156.26	159.86	162.09	165.68

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):	57.45
MACD (12,26,9):	0.0000
Directional Movement:	6.29
AROON (14):	85.71
DEMA (21):	154.78
Parabolic SAR (0,02-0,02-0,2):	154.55
Elder Ray (13):	0.34
Super Trend (3,10):	154.36
Zig ZAG (10):	155.29
VORTEX (21):	1.0600
Stochastique (14,3,5):	89.82
TEMA (21):	155.06
Williams %R (14):	-14.94
Chande Momentum Oscillator (20):	1.31
Repulse (5,40,3):	0.2000
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	1.08

MA7:	155.55
MA20:	155.36
MA50:	152.86
MA100:	150.33
MAexp7:	155.10
MAexp20:	154.89
MAexp50:	155.20
MAexp100:	155.41
Price / MA7:	-0.14%
Price / MA20:	-0.02%
Price / MA50:	+1.62%
Price / MA100:	+3.33%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.08%
Price / MAexp100:	-0.05%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/JPY at the time of the analysis were as follows:

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

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