EUR/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 04/02/2025 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 162.49 JPY

My targets

163.03 JPY (+0.17)

163.37 JPY (+0.51)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on EUR/JPY. This is a positive signal for buyers. As long as the price remains above 162.49 JPY, a purchase could be considered. The first bullish objective is located at 163.03 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 163.37 JPY as an objective. Crossing it would then enable buyers to target 164.13 JPY. In the event of a return below 162.49 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

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

Additional analysis

Quotes

The EUR/JPY rating is 162.86 JPY. On the day, this instrument gained +0.75% and was traded between 161.11 JPY and 163.05 JPY over the period. The price is currently at +1.09% from its lowest and -0.12% from its highest.

161.11

163.05

162.86

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/JPY in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

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 these signals:

Pivot points : price is over resistance 1 (Daily)

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point (Daily)

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	161.57	161.95	162.49	162.86	163.03	163.37	164.13
Change (%)	-0.79%	-0.56%	-0.23%	-	+0.10%	+0.31%	+0.78%
Change	-1.29	-0.91	-0.37	-	+0.17	+0.51	+1.27
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	Major

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	159.33	160.06	160.85	161.58	162.37	163.10	163.89
Camarilla	161.23	161.37	161.51	161.65	161.79	161.93	162.07
Woodie	159.37	160.08	160.89	161.60	162.41	163.12	163.93
Fibonacci	160.06	160.64	161.00	161.58	162.16	162.52	163.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.31	160.34	161.30	162.33	163.29	164.32	165.28
Camarilla	161.70	161.89	162.07	162.25	162.43	162.62	162.80
Woodie	159.27	160.32	161.26	162.31	163.25	164.30	165.24
Fibonacci	160.34	161.10	161.57	162.33	163.09	163.56	164.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	148.55	152.08	157.14	160.67	165.73	169.26	174.32
Camarilla	159.85	160.64	161.42	162.21	163.00	163.79	164.57
Woodie	149.33	152.46	157.92	161.05	166.51	169.64	175.10
Fibonacci	152.08	155.36	157.39	160.67	163.95	165.98	169.26

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.97
MACD (12,26,9):	0.3100
Directional Movement:	25.43
AROON (14):	50.00
DEMA (21):	162.40
Parabolic SAR (0,02-0,02-0,2):	161.53
Elder Ray (13):	0.65
Super Trend (3,10):	162.00
Zig ZAG (10):	162.85
VORTEX (21):	1.2400
Stochastique (14,3,5):	93.81
TEMA (21):	162.71
Williams %R (14):	-9.28
Chande Momentum Oscillator (20):	1.25
Repulse (5,40,3):	0.2400
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.02

MA7:	162.19
MA20:	161.72
MA50:	160.03
MA100:	160.85
MAexp7:	162.58
MAexp20:	162.08
MAexp50:	161.89
MAexp100:	161.93
Price / MA7:	+0.41%
Price / MA20:	+0.70%
Price / MA50:	+1.77%
Price / MA100:	+1.25%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.48%
Price / MAexp50:	+0.60%
Price / MAexp100:	+0.57%

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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