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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 07/01/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 161.28 JPY
My targets
161.84 JPY (+0.38)
162.83 JPY (+1.37)
My analysis
USD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 161.28 JPY. The next resistance located at 161.84 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 162.83 JPY. After this resistance, buyers could then target 164.37 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

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.

OzO
This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 161.46 JPY. The price has increased by +0.37% since the last closing with the lowest point at 160.62 JPY and the highest point at 161.73 JPY. The deviation from the price is +0.52% for the low point and -0.17% for the high point.

160.62
161.73
161.46

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/JPY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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. 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 market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 160.27 160.86 161.28 161.46
Change (%) -0.74% -0.37% -0.11% -
Change -1.19 -0.60 -0.18 -
Level Intermediate Intermediate Intermediate -



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard159.30159.78160.32160.80161.34161.82162.36
Camarilla160.58160.67160.77160.86160.95161.05161.14
Woodie159.33159.80160.35160.82161.37161.84162.39
Fibonacci159.78160.17160.41160.80161.19161.43161.82


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard156.78157.77159.31160.30161.84162.83164.37
Camarilla160.16160.40160.63160.86161.09161.32161.56
Woodie157.07157.91159.60160.44162.13162.97164.66
Fibonacci157.77158.73159.33160.30161.26161.86162.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.78152.17156.51158.90163.24165.63169.97
Camarilla159.01159.63160.24160.86161.48162.09162.71
Woodie150.77152.66157.50159.39164.23166.12170.96
Fibonacci152.17154.74156.33158.90161.47163.06165.63

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.65
MACD (12,26,9): 0.1500
Directional Movement: 2.29
AROON (14): 42.86
DEMA (21): 161.52
Parabolic SAR (0,02-0,02-0,2): 161.40
Elder Ray (13): 0.04
Super Trend (3,10): 161.00
Zig ZAG (10): 161.43
VORTEX (21): 1.1600
Stochastique (14,3,5): 61.72
TEMA (21): 161.55
Williams %R (14): -39.47
Chande Momentum Oscillator (20): 0.33
Repulse (5,40,3): -0.0400
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.51
MA7: 160.41
MA20: 158.21
MA50: 156.87
MA100: 153.91
MAexp7: 161.45
MAexp20: 161.32
MAexp50: 161.06
MAexp100: 160.68
Price / MA7: +0.65%
Price / MA20: +2.05%
Price / MA50: +2.93%
Price / MA100: +4.91%
Price / MAexp7: +0.01%
Price / MAexp20: +0.09%
Price / MAexp50: +0.25%
Price / MAexp100: +0.49%

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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