USD/JPY - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 154.84 JPY
My targets
156.89 JPY (+1.00)
157.38 JPY (+1.49)
My analysis
The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 154.84 JPY, you could try to benefit from the boom. The first bullish objective is located at 156.89 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 157.38 JPY as an objective. Crossing it would then enable buyers to target 158.33 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
7.7
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Additional analysis
Quotes
The USD/JPY price is 155.89 JPY. The price registered an increase of +0.08% on the session with the lowest point at 155.51 JPY and the highest point at 155.96 JPY. The deviation from the price is +0.24% for the low point and -0.04% for the high point.155.51
155.96
155.89
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 USD/JPY:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 151.64 | 153.02 | 154.00 | 155.89 | 155.95 | 157.38 | 158.33 |
| Change (%) | -2.73% | -1.84% | -1.21% | - | +0.04% | +0.96% | +1.57% |
| Change | -4.25 | -2.87 | -1.89 | - | +0.06 | +1.49 | +2.44 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 154.90 | 155.13 | 155.45 | 155.68 | 156.00 | 156.23 | 156.55 |
| Camarilla | 155.62 | 155.67 | 155.72 | 155.77 | 155.82 | 155.87 | 155.92 |
| Woodie | 154.95 | 155.15 | 155.50 | 155.70 | 156.05 | 156.25 | 156.60 |
| Fibonacci | 155.13 | 155.34 | 155.47 | 155.68 | 155.89 | 156.02 | 156.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.57 | 151.68 | 153.73 | 154.84 | 156.89 | 158.00 | 160.05 |
| Camarilla | 154.90 | 155.19 | 155.48 | 155.77 | 156.06 | 156.35 | 156.64 |
| Woodie | 151.03 | 151.92 | 154.19 | 155.08 | 157.35 | 158.24 | 160.51 |
| Fibonacci | 151.68 | 152.89 | 153.64 | 154.84 | 156.05 | 156.80 | 158.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.88 | 146.84 | 152.30 | 156.26 | 161.72 | 165.68 | 171.14 |
| Camarilla | 155.16 | 156.02 | 156.89 | 157.75 | 158.61 | 159.48 | 160.34 |
| Woodie | 143.62 | 147.22 | 153.04 | 156.64 | 162.46 | 166.06 | 171.88 |
| Fibonacci | 146.84 | 150.44 | 152.67 | 156.26 | 159.86 | 162.09 | 165.68 |
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): | 55.20 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -6.22 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 155.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 155.93 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 155.54 | |
| Zig ZAG (10): | 155.85 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 155.83 | |
| Williams %R (14): | -22.22 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.02 |
| MA7: | 154.92 | |
| MA20: | 155.22 | |
| MA50: | 152.47 | |
| MA100: | 149.93 | |
| MAexp7: | 155.83 | |
| MAexp20: | 155.79 | |
| MAexp50: | 155.67 | |
| MAexp100: | 155.46 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | +3.98% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.28% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
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USD/JPY Forecast May 13, 2024
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USD/JPY Long Term Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
-
USD/JPY Daily Forecast and Technical Analysis for May 10, 2024, by Chris Lewis for FX Empire
-
USD/JPY Daily Forecast and Technical Analysis for May 09, 2024, by Chris Lewis for FX Empire
-
USD/JPY Daily Forecast and Technical Analysis for May 08, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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