EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 10/22/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 163.25 JPY

My targets

164.13 JPY (+0.61)

165.20 JPY (+1.68)

My analysis

The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 163.25 JPY, you could try to benefit from the boom. The first bullish objective is located at 164.13 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 165.20 JPY as an objective. Crossing it would then enable buyers to target 169.54 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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

Additional analysis

Quotes

The EUR/JPY rating is 163.52 JPY. On the day, this instrument gained +0.38% and was traded between 162.82 JPY and 163.67 JPY over the period. The price is currently at +0.43% from its lowest and -0.09% from its highest.

162.82

163.67

163.52

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	162.89	163.25	163.41	163.52	163.61	164.13	169.54
Change (%)	-0.39%	-0.17%	-0.07%	-	+0.06%	+0.37%	+3.68%
Change	-0.63	-0.27	-0.11	-	+0.09	+0.61	+6.02
Level	Intermediate	Minor	Minor	-	Major	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.05	161.53	162.21	162.69	163.37	163.85	164.53
Camarilla	162.58	162.69	162.79	162.90	163.01	163.11	163.22
Woodie	161.16	161.58	162.32	162.74	163.48	163.90	164.64
Fibonacci	161.53	161.97	162.24	162.69	163.13	163.40	163.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.92	160.89	161.68	162.65	163.44	164.41	165.20
Camarilla	162.00	162.16	162.32	162.48	162.64	162.80	162.96
Woodie	159.84	160.85	161.60	162.61	163.36	164.37	165.12
Fibonacci	160.89	161.56	161.97	162.65	163.32	163.73	164.41

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

Technical indicators

Moving averages

RSI (14):	67.80
MACD (12,26,9):	0.2100
Directional Movement:	16.48
AROON (14):	50.00
DEMA (21):	163.36
Parabolic SAR (0,02-0,02-0,2):	163.01
Elder Ray (13):	0.31
Super Trend (3,10):	162.77
Zig ZAG (10):	163.50
VORTEX (21):	1.1700
Stochastique (14,3,5):	82.05
TEMA (21):	163.46
Williams %R (14):	-22.35
Chande Momentum Oscillator (20):	0.36
Repulse (5,40,3):	0.1600
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.47

MA7:	162.78
MA20:	162.09
MA50:	160.84
MA100:	164.75
MAexp7:	163.35
MAexp20:	163.10
MAexp50:	162.85
MAexp100:	162.75
Price / MA7:	+0.45%
Price / MA20:	+0.88%
Price / MA50:	+1.67%
Price / MA100:	-0.75%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.47%

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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