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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 03/17/2025 (GMT)

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  • 03/17/2025 - 21:55
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  • Timeframe : 1H
  • - Analysis generated on 03/17/2025 - 21:55
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 162.36 JPY
My targets
164.13 JPY (+1.22)
166.50 JPY (+3.59)
My analysis
The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 162.36 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 166.50 JPY as an objective. Crossing it would then enable buyers to target 170.31 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/JPY rating is 162.91 JPY. On the day, this instrument gained +0.78% and was between 161.55 JPY and 163.06 JPY. This implies that the price is at +0.84% from its lowest and at -0.09% from its highest.

161.55
163.06
162.91

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.007.51522.530January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1 (Daily)

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 161.28 161.79 162.36 162.91 164.13 170.31 172.65
Change (%) -1.00% -0.69% -0.34% - +0.75% +4.54% +5.98%
Change -1.63 -1.12 -0.55 - +1.22 +7.40 +9.74
Level Intermediate Minor Intermediate - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard158.83159.66160.66161.49162.49163.32164.32
Camarilla161.15161.32161.48161.65161.82161.99162.15
Woodie158.91159.70160.74161.53162.57163.36164.40
Fibonacci159.66160.36160.79161.49162.19162.62163.32


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard156.12157.51159.58160.97163.04164.43166.50
Camarilla160.70161.02161.33161.65161.97162.28162.60
Woodie156.46157.68159.92161.14163.38164.60166.84
Fibonacci157.51158.83159.65160.97162.29163.11164.43


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard147.27151.03153.66157.42160.05163.81166.44
Camarilla154.52155.11155.69156.28156.87157.45158.04
Woodie146.70150.75153.09157.14159.48163.53165.87
Fibonacci151.03153.47154.98157.42159.86161.37163.81

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
Created with Raphaël 2.3.0Buy14
Moving averages
Created with Raphaël 2.3.0Buy26

RSI (14): 69.88
MACD (12,26,9): 0.3300
Directional Movement: 19.57
AROON (14): 85.72
DEMA (21): 162.76
Parabolic SAR (0,02-0,02-0,2): 162.35
Elder Ray (13): 0.40
Super Trend (3,10): 162.10
Zig ZAG (10): 162.91
VORTEX (21): 1.2200
Stochastique (14,3,5): 90.47
TEMA (21): 162.89
Williams %R (14): -11.94
Chande Momentum Oscillator (20): 0.87
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.94
MA7: 161.14
MA20: 158.79
MA50: 159.97
MA100: 161.21
MAexp7: 162.74
MAexp20: 162.36
MAexp50: 161.90
MAexp100: 161.43
Price / MA7: +1.10%
Price / MA20: +2.59%
Price / MA50: +1.84%
Price / MA100: +1.05%
Price / MAexp7: +0.10%
Price / MAexp20: +0.34%
Price / MAexp50: +0.62%
Price / MAexp100: +0.92%

Quotes : 03/17/2025 - 21:55 - 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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Londinia AI

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