USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 05/20/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

22%

17%

61%

My opinion

Bullish above 155.26 JPY

My targets

155.97 JPY (+0.25)

156.24 JPY (+0.52)

My analysis

A bullish trend on USD/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 155.26 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 155.97 JPY. Then the price could move towards 156.24 JPY. Then 156.78 JPY by extension. Be careful, a return below 155.26 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.5

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

USD/JPY rating 155.72 JPY. On the day, this instrument gained +0.04% and was traded between 155.49 JPY and 155.94 JPY over the period. The price is currently at +0.15% from its lowest and -0.14% from its highest.

155.49

155.94

155.72

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	154.70	155.26	155.68	155.72	155.97	156.24	156.78
Change (%)	-0.66%	-0.30%	-0.03%	-	+0.16%	+0.33%	+0.68%
Change	-1.02	-0.46	-0.04	-	+0.25	+0.52	+1.06
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Minor

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	154.55	154.90	155.28	155.63	156.01	156.36	156.74
Camarilla	155.46	155.53	155.59	155.66	155.73	155.79	155.86
Woodie	154.57	154.91	155.30	155.64	156.03	156.37	156.76
Fibonacci	154.90	155.18	155.35	155.63	155.91	156.08	156.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.73	152.17	153.91	155.35	157.09	158.53	160.27
Camarilla	154.79	155.08	155.37	155.66	155.95	156.24	156.54
Woodie	150.89	152.25	154.07	155.43	157.25	158.61	160.43
Fibonacci	152.17	153.38	154.13	155.35	156.56	157.31	158.53

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

Technical indicators

Moving averages

RSI (14):	51.81
MACD (12,26,9):	0.0400
Directional Movement:	-7.63
AROON (14):	-42.86
DEMA (21):	155.77
Parabolic SAR (0,02-0,02-0,2):	155.52
Elder Ray (13):	-0.03
Super Trend (3,10):	155.36
Zig ZAG (10):	155.69
VORTEX (21):	1.1000
Stochastique (14,3,5):	45.19
TEMA (21):	155.72
Williams %R (14):	-55.56
Chande Momentum Oscillator (20):	-0.01
Repulse (5,40,3):	0.0300
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.08

MA7:	155.65
MA20:	155.47
MA50:	153.21
MA100:	150.62
MAexp7:	155.72
MAexp20:	155.71
MAexp50:	155.61
MAexp100:	155.56
Price / MA7:	+0.04%
Price / MA20:	+0.16%
Price / MA50:	+1.64%
Price / MA100:	+3.39%
Price / MAexp7:	-0%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.10%

Quotes : - Real time data - Forex

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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