EUR/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - Daily - Technical analysis published on 12/09/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

My opinion

Bearish under 164.13 JPY

My targets

158.14 JPY (-1.78)

156.03 JPY (-3.89)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 164.13 JPY. The sellers' bearish objective is set at 158.14 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 156.03 JPY. In case of crossing, the next objective would be the support located at 149.26 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.7

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

Additional analysis

Quotes

The EUR/JPY price is 159.92 JPY. On the day, this instrument gained +0.90% and was traded between 157.86 JPY and 160.00 JPY over the period. The price is currently at +1.30% from its lowest and -0.05% from its highest.

157.86

160.00

159.92

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/JPY:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/JPY indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	149.26	156.03	158.14	159.92	160.44	164.13	169.33
Change (%)	-6.67%	-2.43%	-1.11%	-	+0.33%	+2.63%	+5.88%
Change	-10.66	-3.89	-1.78	-	+0.52	+4.21	+9.41
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	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	156.37	157.23	157.86	158.72	159.35	160.21	160.84
Camarilla	158.08	158.22	158.35	158.49	158.63	158.76	158.90
Woodie	156.26	157.17	157.75	158.66	159.24	160.15	160.73
Fibonacci	157.23	157.80	158.15	158.72	159.29	159.64	160.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.19	154.68	156.59	158.08	159.99	161.48	163.39
Camarilla	157.56	157.87	158.18	158.49	158.80	159.11	159.43
Woodie	153.39	154.79	156.79	158.19	160.19	161.59	163.59
Fibonacci	154.68	155.98	156.79	158.08	159.38	160.19	161.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.49	152.76	155.58	160.85	163.67	168.94	171.76
Camarilla	156.18	156.92	157.66	158.40	159.14	159.88	160.63
Woodie	146.27	152.15	154.36	160.24	162.45	168.33	170.54
Fibonacci	152.76	155.85	157.76	160.85	163.94	165.85	168.94

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):	44.48
MACD (12,26,9):	-1.3500
Directional Movement:	-14.33
AROON (14):	-64.29
DEMA (21):	158.82
Parabolic SAR (0,02-0,02-0,2):	156.38
Elder Ray (13):	-0.75
Super Trend (3,10):	162.07
Zig ZAG (10):	159.88
VORTEX (21):	0.8500
Stochastique (14,3,5):	34.03
TEMA (21):	157.74
Williams %R (14):	-56.99
Chande Momentum Oscillator (20):	-1.51
Repulse (5,40,3):	1.4700
ROCnROLL:	-1
TRIX (15,9):	-0.1100
Courbe Coppock:	5.88

MA7:	158.32
MA20:	160.98
MA50:	162.62
MA100:	161.79
MAexp7:	159.02
MAexp20:	160.45
MAexp50:	161.76
MAexp100:	162.61
Price / MA7:	+1.01%
Price / MA20:	-0.66%
Price / MA50:	-1.66%
Price / MA100:	-1.16%
Price / MAexp7:	+0.57%
Price / MAexp20:	-0.33%
Price / MAexp50:	-1.14%
Price / MAexp100:	-1.65%

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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