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 05/17/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

22%

28%

50%

My opinion

Neutral between 155.26 JPY and 155.96 JPY

My targets

My analysis

A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 155.96 JPY. The first support is located at 155.26 JPY. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.

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 price is 155.61 JPY. The price registered an increase of +0.14% on the session and was traded between 155.25 JPY and 155.98 JPY over the period. The price is currently at +0.23% from its lowest and -0.24% from its highest.

155.25

155.98

155.61

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 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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this USD/JPY chart shows a slightly bullish trend. Only 50.00% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	154.70	155.26	155.53	155.61	155.96	156.24	156.78
Change (%)	-0.58%	-0.22%	-0.05%	-	+0.22%	+0.40%	+0.75%
Change	-0.91	-0.35	-0.08	-	+0.35	+0.63	+1.17
Level	Intermediate	Minor	Intermediate	-	Intermediate	Minor	Minor

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	152.21	152.91	154.15	154.85	156.09	156.79	158.03
Camarilla	154.87	155.04	155.22	155.40	155.58	155.76	155.93
Woodie	152.49	153.05	154.43	154.99	156.37	156.93	158.31
Fibonacci	152.91	153.65	154.11	154.85	155.59	156.05	156.79

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):	51.14
MACD (12,26,9):	0.1000
Directional Movement:	-7.77
AROON (14):	-50.00
DEMA (21):	155.77
Parabolic SAR (0,02-0,02-0,2):	155.94
Elder Ray (13):	-0.12
Super Trend (3,10):	155.34
Zig ZAG (10):	155.57
VORTEX (21):	1.0400
Stochastique (14,3,5):	33.33
TEMA (21):	155.79
Williams %R (14):	-53.42
Chande Momentum Oscillator (20):	-0.22
Repulse (5,40,3):	0.0300
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	0.06

MA7:	155.60
MA20:	155.42
MA50:	153.03
MA100:	150.48
MAexp7:	155.64
MAexp20:	155.61
MAexp50:	155.48
MAexp100:	155.48
Price / MA7:	+0.01%
Price / MA20:	+0.12%
Price / MA50:	+1.69%
Price / MA100:	+3.41%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0%
Price / MAexp50:	+0.08%
Price / MAexp100:	+0.08%

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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