USD/JPY - 15 min. - Technical analysis published on 07/01/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 160.80 JPY
My targets
161.34 JPY (+0.20)
161.82 JPY (+0.68)
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 160.80 JPY. The buyers' bullish objective is set at 161.34 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 161.82 JPY. If there is any crossing, the next objective would be the resistance located at 162.36 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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Additional analysis
Quotes
The USD/JPY price is 161.14 JPY. The price has increased by +0.17% since the last closing and was traded between 160.62 JPY and 161.19 JPY over the period. The price is currently at +0.32% from its lowest and -0.03% from its highest.160.62
161.19
161.14
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
A study of price movements over other periods shows the following variations:
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 this 15 min. chart of USD/JPY indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. 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 support of triangle
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 158.75 | 160.27 | 160.86 | 161.14 | 161.28 |
Change (%) | -1.48% | -0.54% | -0.17% | - | +0.09% |
Change | -2.39 | -0.87 | -0.28 | - | +0.14 |
Level | Minor | Intermediate | 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 | 159.30 | 159.78 | 160.32 | 160.80 | 161.34 | 161.82 | 162.36 |
Camarilla | 160.58 | 160.67 | 160.77 | 160.86 | 160.95 | 161.05 | 161.14 |
Woodie | 159.33 | 159.80 | 160.35 | 160.82 | 161.37 | 161.84 | 162.39 |
Fibonacci | 159.78 | 160.17 | 160.41 | 160.80 | 161.19 | 161.43 | 161.82 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 156.78 | 157.77 | 159.31 | 160.30 | 161.84 | 162.83 | 164.37 |
Camarilla | 160.16 | 160.40 | 160.63 | 160.86 | 161.09 | 161.32 | 161.56 |
Woodie | 157.07 | 157.91 | 159.60 | 160.44 | 162.13 | 162.97 | 164.66 |
Fibonacci | 157.77 | 158.73 | 159.33 | 160.30 | 161.26 | 161.86 | 162.83 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 149.78 | 152.17 | 156.51 | 158.90 | 163.24 | 165.63 | 169.97 |
Camarilla | 159.01 | 159.63 | 160.24 | 160.86 | 161.48 | 162.09 | 162.71 |
Woodie | 150.77 | 152.66 | 157.50 | 159.39 | 164.23 | 166.12 | 170.96 |
Fibonacci | 152.17 | 154.74 | 156.33 | 158.90 | 161.47 | 163.06 | 165.63 |
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): | 61.05 | |
MACD (12,26,9): | 0.0300 | |
Directional Movement: | 4.55 | |
AROON (14): | 64.28 | |
DEMA (21): | 161.10 | |
Parabolic SAR (0,02-0,02-0,2): | 160.96 | |
Elder Ray (13): | 0.03 | |
Super Trend (3,10): | 160.89 | |
Zig ZAG (10): | 161.10 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 71.43 | |
TEMA (21): | 161.11 | |
Williams %R (14): | -19.05 | |
Chande Momentum Oscillator (20): | 0.15 | |
Repulse (5,40,3): | -0.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.13 |
MA7: | 160.36 | |
MA20: | 158.20 | |
MA50: | 156.86 | |
MA100: | 153.91 | |
MAexp7: | 161.10 | |
MAexp20: | 161.06 | |
MAexp50: | 160.99 | |
MAexp100: | 160.92 | |
Price / MA7: | +0.49% | |
Price / MA20: | +1.86% | |
Price / MA50: | +2.73% | |
Price / MA100: | +4.70% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.05% | |
Price / MAexp50: | +0.09% | |
Price / MAexp100: | +0.14% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:
- USD/JPY Long Term Forecast and Technical Analysis for June 28, 2024, by Chris Lewis for FX Empire
- USD/JPY Daily Forecast and Technical Analysis for June 28, 2024, by Chris Lewis for FX Empire
- USD/JPY Forecast June 28, 2024
- USD/JPY Daily Forecast and Technical Analysis for June 27, 2024, by Chris Lewis for FX Empire
- USD/JPY Forecast June 27, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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