EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 07/05/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

33%

44%

My opinion

Bearish under 174.52 JPY

My targets

173.68 JPY (-0.29)

172.17 JPY (-1.80)

My analysis

The strong short-term decrease of EUR/JPY should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 174.52 JPY, a sale could be considered. The first bearish objective is located at 173.68 JPY. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 172.17 JPY. If there is any crossing, the next objective would be support 171.45 JPY. Caution, if there is a return to above 174.52 JPY, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

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

Additional analysis

Quotes

EUR/JPY rating 173.97 JPY. The price registered a decrease of -0.26% on the session and was between 173.71 JPY and 174.47 JPY. This implies that the price is at +0.15% from its lowest and at -0.29% from its highest.

173.71

174.47

173.97

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 for higher/lower results shows the following items:

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 neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	171.45	172.17	173.68	173.97	174.52
Change (%)	-1.45%	-1.03%	-0.17%	-	+0.32%
Change	-2.52	-1.80	-0.29	-	+0.55
Level	Intermediate	Minor	Intermediate	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	173.33	173.56	174.00	174.23	174.67	174.90	175.34
Camarilla	174.25	174.31	174.37	174.43	174.49	174.55	174.61
Woodie	173.43	173.61	174.10	174.28	174.77	174.95	175.44
Fibonacci	173.56	173.82	173.98	174.23	174.49	174.65	174.90

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.24
MACD (12,26,9):	-0.0500
Directional Movement:	-7.76
AROON (14):	-35.72
DEMA (21):	174.03
Parabolic SAR (0,02-0,02-0,2):	174.32
Elder Ray (13):	-0.05
Super Trend (3,10):	174.39
Zig ZAG (10):	173.94
VORTEX (21):	1.0300
Stochastique (14,3,5):	42.54
TEMA (21):	173.95
Williams %R (14):	-68.42
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	0.0000
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.31

MA7:	173.46
MA20:	171.12
MA50:	169.63
MA100:	166.60
MAexp7:	174.01
MAexp20:	174.09
MAexp50:	174.04
MAexp100:	173.69
Price / MA7:	+0.29%
Price / MA20:	+1.67%
Price / MA50:	+2.56%
Price / MA100:	+4.42%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.04%
Price / MAexp100:	+0.16%

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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