EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
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EUR/JPY - 1H - Technical analysis published on 06/27/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 170.86 JPY

My targets

171.80 JPY (+0.22)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 170.86 JPY. The buyers' bullish objective is set at 171.80 JPY. A bullish break in this resistance would boost the bullish momentum. 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.

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

Force

5.4

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 OzO. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/JPY rating 171.58 JPY. The price registered an increase of +0.02% on the session and was traded between 171.39 JPY and 171.72 JPY over the period. The price is currently at +0.11% from its lowest and -0.08% from its highest.

171.39

171.72

171.58

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

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

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

A technical analysis in 1H of this EUR/JPY chart shows a strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	169.91	170.86	171.47	171.58	171.80
Change (%)	-0.97%	-0.42%	-0.06%	-	+0.13%
Change	-1.67	-0.72	-0.11	-	+0.22
Level	Intermediate	Intermediate	Minor	-	Intermediate

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	170.05	170.45	171.00	171.40	171.95	172.35	172.90
Camarilla	171.29	171.38	171.46	171.55	171.64	171.72	171.81
Woodie	170.13	170.49	171.08	171.44	172.03	172.39	172.98
Fibonacci	170.45	170.81	171.04	171.40	171.76	171.99	172.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	165.97	166.97	168.92	169.92	171.87	172.87	174.82
Camarilla	170.07	170.34	170.61	170.88	171.15	171.42	171.69
Woodie	166.46	167.21	169.41	170.16	172.36	173.11	175.31
Fibonacci	166.97	168.09	168.79	169.92	171.04	171.74	172.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.41	161.71	166.19	168.49	172.97	175.27	179.75
Camarilla	168.80	169.42	170.04	170.66	171.28	171.90	172.53
Woodie	160.49	162.26	167.27	169.04	174.05	175.82	180.83
Fibonacci	161.71	164.30	165.90	168.49	171.08	172.68	175.27

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):	56.85
MACD (12,26,9):	0.0800
Directional Movement:	5.39
AROON (14):	-28.57
DEMA (21):	171.64
Parabolic SAR (0,02-0,02-0,2):	171.18
Elder Ray (13):	0.06
Super Trend (3,10):	171.09
Zig ZAG (10):	171.59
VORTEX (21):	1.0900
Stochastique (14,3,5):	46.34
TEMA (21):	171.62
Williams %R (14):	-58.54
Chande Momentum Oscillator (20):	-0.17
Repulse (5,40,3):	-0.0200
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.05

MA7:	170.90
MA20:	169.90
MA50:	168.73
MA100:	165.86
MAexp7:	171.56
MAexp20:	171.52
MAexp50:	171.34
MAexp100:	171.02
Price / MA7:	+0.40%
Price / MA20:	+0.99%
Price / MA50:	+1.69%
Price / MA100:	+3.45%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.14%
Price / MAexp100:	+0.33%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/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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