USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - 1H - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

28%

56%

My opinion

Bullish above 155.96 JPY

My targets

156.78 JPY (+0.41)

158.33 JPY (+1.96)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/JPY. As long as you are above the support located at 155.96 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 156.78 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 158.33 JPY as an objective. If the support 155.96 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.1

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

Additional analysis

Quotes

The USD/JPY rating is 156.37 JPY. The price is lower by -0.10% since the last closing and was between 156.31 JPY and 156.56 JPY. This implies that the price is at +0.04% from its lowest and at -0.12% from its highest.

156.31

156.56

156.37

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

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

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

Technical analysis of USD/JPY in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 10 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	154.00	154.70	155.96	156.37	156.78	158.33
Change (%)	-1.52%	-1.07%	-0.26%	-	+0.26%	+1.25%
Change	-2.37	-1.67	-0.41	-	+0.41	+1.96
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate

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	155.69	155.96	156.24	156.51	156.79	157.06	157.34
Camarilla	156.37	156.42	156.47	156.52	156.57	156.62	156.67
Woodie	155.70	155.96	156.25	156.51	156.80	157.06	157.35
Fibonacci	155.96	156.17	156.30	156.51	156.72	156.85	157.06

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.79
MACD (12,26,9):	0.0400
Directional Movement:	2.48
AROON (14):	14.29
DEMA (21):	156.47
Parabolic SAR (0,02-0,02-0,2):	156.64
Elder Ray (13):	-0.04
Super Trend (3,10):	156.17
Zig ZAG (10):	156.38
VORTEX (21):	0.9800
Stochastique (14,3,5):	40.26
TEMA (21):	156.42
Williams %R (14):	-72.00
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	-0.0400
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.04

MA7:	155.77
MA20:	155.43
MA50:	152.75
MA100:	150.22
MAexp7:	156.40
MAexp20:	156.41
MAexp50:	156.26
MAexp100:	156.00
Price / MA7:	+0.39%
Price / MA20:	+0.60%
Price / MA50:	+2.37%
Price / MA100:	+4.09%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.03%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.24%

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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