EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - Daily - Technical analysis published on 10/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

67%

11%

22%

My opinion

Bullish above 160.42 JPY

My targets

164.13 JPY (+1.62)

169.54 JPY (+7.03)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/JPY as long as the price remains well above 160.42 JPY. The buyers' bullish objective is set at 164.13 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 169.54 JPY. If there is any crossing, the next objective would be the resistance located at 172.65 JPY.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

3.2

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

Additional analysis

Quotes

The EUR/JPY rating is 162.51 JPY. On the day, this instrument lost -0.50% with the lowest point at 162.34 JPY and the highest point at 163.36 JPY. The deviation from the price is +0.10% for the low point and -0.52% for the high point.

162.34

163.36

162.51

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:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/JPY chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	154.81	158.78	160.42	162.51	164.13	169.54	172.65
Change (%)	-4.74%	-2.30%	-1.29%	-	+1.00%	+4.33%	+6.24%
Change	-7.70	-3.73	-2.09	-	+1.62	+7.03	+10.14
Level	Intermediate	Major	Minor	-	Intermediate	Major	Minor

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	162.22	162.56	162.94	163.28	163.66	164.00	164.38
Camarilla	163.13	163.20	163.26	163.33	163.40	163.46	163.53
Woodie	162.25	162.57	162.97	163.29	163.69	164.01	164.41
Fibonacci	162.56	162.83	163.00	163.28	163.55	163.72	164.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	160.46	161.18	162.16	162.88	163.86	164.58	165.56
Camarilla	162.66	162.82	162.97	163.13	163.29	163.44	163.60
Woodie	160.58	161.25	162.28	162.95	163.98	164.65	165.68
Fibonacci	161.18	161.83	162.23	162.88	163.53	163.93	164.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.30	151.22	155.64	159.56	163.98	167.90	172.32
Camarilla	157.76	158.52	159.29	160.05	160.82	161.58	162.34
Woodie	147.54	151.35	155.88	159.69	164.22	168.03	172.56
Fibonacci	151.22	154.41	156.38	159.56	162.75	164.72	167.90

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):	54.79
MACD (12,26,9):	0.7700
Directional Movement:	3.66
AROON (14):	57.14
DEMA (21):	162.42
Parabolic SAR (0,02-0,02-0,2):	161.97
Elder Ray (13):	0.75
Super Trend (3,10):	158.19
Zig ZAG (10):	162.44
VORTEX (21):	1.1800
Stochastique (14,3,5):	88.38
TEMA (21):	163.61
Williams %R (14):	-20.51
Chande Momentum Oscillator (20):	3.72
Repulse (5,40,3):	-0.2400
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	3.81

MA7:	162.85
MA20:	161.32
MA50:	160.64
MA100:	165.12
MAexp7:	162.67
MAexp20:	161.62
MAexp50:	161.85
MAexp100:	163.15
Price / MA7:	-0.21%
Price / MA20:	+0.74%
Price / MA50:	+1.16%
Price / MA100:	-1.58%
Price / MAexp7:	-0.10%
Price / MAexp20:	+0.55%
Price / MAexp50:	+0.41%
Price / MAexp100:	-0.39%

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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