USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 04/09/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 150.17 JPY

My targets

153.35 JPY (+1.47)

155.41 JPY (+3.53)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 150.17 JPY. The buyers' bullish objective is set at 153.35 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 155.41 JPY. If there is any crossing, the next objective would be the resistance located at 158.84 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 trader_57568. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY price is 151.88 JPY. The price registered an increase of +0.03% on the session with the lowest point at 151.79 JPY and the highest point at 151.92 JPY. The deviation from the price is +0.06% for the low point and -0.03% for the high point.

151.79

151.92

151.88

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/JPY chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	146.74	150.17	151.64	151.88
Change (%)	-3.38%	-1.13%	-0.16%	-
Change	-5.14	-1.71	-0.24	-
Level	Intermediate	Major	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.22	151.38	151.61	151.77	152.00	152.16	152.39
Camarilla	151.72	151.76	151.79	151.83	151.87	151.90	151.94
Woodie	151.25	151.40	151.64	151.79	152.03	152.18	152.42
Fibonacci	151.38	151.53	151.62	151.77	151.92	152.01	152.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	149.82	150.32	150.97	151.47	152.12	152.62	153.27
Camarilla	151.31	151.42	151.53	151.63	151.74	151.84	151.95
Woodie	149.91	150.36	151.06	151.51	152.21	152.66	153.36
Fibonacci	150.32	150.76	151.03	151.47	151.91	152.18	152.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.37	144.43	147.86	149.92	153.35	155.41	158.84
Camarilla	149.79	150.29	150.80	151.30	151.80	152.31	152.81
Woodie	143.07	144.77	148.56	150.26	154.05	155.75	159.54
Fibonacci	144.43	146.52	147.82	149.92	152.01	153.31	155.41

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):	64.06
MACD (12,26,9):	0.6600
Directional Movement:	8.24
AROON (14):	28.57
DEMA (21):	151.84
Parabolic SAR (0,02-0,02-0,2):	150.81
Elder Ray (13):	0.53
Super Trend (3,10):	149.87
Zig ZAG (10):	151.88
VORTEX (21):	1.3200
Stochastique (14,3,5):	91.69
TEMA (21):	151.99
Williams %R (14):	-5.26
Chande Momentum Oscillator (20):	0.47
Repulse (5,40,3):	0.2800
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.38

MA7:	151.63
MA20:	150.86
MA50:	149.91
MA100:	147.80
MAexp7:	151.62
MAexp20:	150.99
MAexp50:	149.86
MAexp100:	148.64
Price / MA7:	+0.16%
Price / MA20:	+0.68%
Price / MA50:	+1.31%
Price / MA100:	+2.76%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.59%
Price / MAexp50:	+1.35%
Price / MAexp100:	+2.18%

Quotes : - Real time data - Forex

News

The last news published on USD/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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