EUR/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 07/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above 173.68 JPY

My targets

174.52 JPY (+0.37)

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 173.68 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 174.52 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 173.68 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 indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.3

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 174.15 JPY. The price registered a decrease of -0.13% on the session and was between 173.94 JPY and 174.40 JPY. This implies that the price is at +0.12% from its lowest and at -0.14% from its highest.

173.94

174.40

174.15

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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:

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 EUR/JPY in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	171.46	172.17	173.68	174.15	174.52
Change (%)	-1.54%	-1.14%	-0.27%	-	+0.21%
Change	-2.69	-1.98	-0.47	-	+0.37
Level	Major	Minor	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	172.76	173.14	173.76	174.14	174.76	175.14	175.76
Camarilla	174.11	174.20	174.29	174.38	174.47	174.56	174.66
Woodie	172.88	173.20	173.88	174.20	174.88	175.20	175.88
Fibonacci	173.14	173.52	173.76	174.14	174.52	174.76	175.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	168.76	169.52	170.94	171.70	173.12	173.88	175.30
Camarilla	171.76	171.96	172.16	172.36	172.56	172.76	172.96
Woodie	169.09	169.69	171.27	171.87	173.45	174.05	175.63
Fibonacci	169.52	170.35	170.87	171.70	172.53	173.05	173.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	164.18	165.85	169.11	170.78	174.04	175.71	178.97
Camarilla	171.00	171.46	171.91	172.36	172.81	173.26	173.72
Woodie	164.97	166.25	169.90	171.18	174.83	176.11	179.76
Fibonacci	165.85	167.74	168.90	170.78	172.67	173.83	175.71

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):	51.53
MACD (12,26,9):	0.0500
Directional Movement:	-9.59
AROON (14):	-42.86
DEMA (21):	174.27
Parabolic SAR (0,02-0,02-0,2):	174.00
Elder Ray (13):	-0.03
Super Trend (3,10):	173.81
Zig ZAG (10):	174.12
VORTEX (21):	0.9900
Stochastique (14,3,5):	36.16
TEMA (21):	174.18
Williams %R (14):	-62.96
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	-0.0200
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.19

MA7:	173.07
MA20:	170.87
MA50:	169.53
MA100:	166.48
MAexp7:	174.17
MAexp20:	174.17
MAexp50:	173.93
MAexp100:	173.43
Price / MA7:	+0.62%
Price / MA20:	+1.92%
Price / MA50:	+2.73%
Price / MA100:	+4.61%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.01%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.42%

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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