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 07/29/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

56%

39%

My opinion

Neutral between 153.04 JPY and 155.12 JPY

My targets

My analysis

The short-term increase on USD/JPY remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 155.12 JPY. The first support is located at 153.04 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY rating is 153.98 JPY. The price registered an increase of +0.14% on the session with the lowest point at 153.02 JPY and the highest point at 154.36 JPY. The deviation from the price is +0.63% for the low point and -0.25% for the high point.

153.02

154.36

153.98

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 USD/JPY in 1H shows an overall slightly bearish trend. 46.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	150.17	151.94	153.04	153.98	155.12	156.25	157.13
Change (%)	-2.47%	-1.32%	-0.61%	-	+0.74%	+1.47%	+2.05%
Change	-3.81	-2.04	-0.94	-	+1.14	+2.27	+3.15
Level	Major	Minor	Intermediate	-	Intermediate	Minor	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	151.36	152.23	153.00	153.87	154.64	155.51	156.28
Camarilla	153.32	153.47	153.62	153.77	153.92	154.07	154.22
Woodie	151.31	152.21	152.95	153.85	154.59	155.49	156.23
Fibonacci	152.23	152.86	153.24	153.87	154.50	154.88	155.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	145.59	148.76	151.27	154.44	156.95	160.12	162.63
Camarilla	152.21	152.73	153.25	153.77	154.29	154.81	155.33
Woodie	145.25	148.60	150.93	154.28	156.61	159.96	162.29
Fibonacci	148.76	150.93	152.27	154.44	156.61	157.95	160.12

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

Technical indicators

Moving averages

RSI (14):	55.11
MACD (12,26,9):	0.0700
Directional Movement:	4.04
AROON (14):	50.00
DEMA (21):	153.93
Parabolic SAR (0,02-0,02-0,2):	153.16
Elder Ray (13):	0.09
Super Trend (3,10):	154.42
Zig ZAG (10):	153.97
VORTEX (21):	1.0400
Stochastique (14,3,5):	79.44
TEMA (21):	154.00
Williams %R (14):	-21.50
Chande Momentum Oscillator (20):	0.36
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.58

MA7:	155.08
MA20:	158.01
MA50:	157.87
MA100:	155.55
MAexp7:	153.96
MAexp20:	153.85
MAexp50:	153.85
MAexp100:	154.24
Price / MA7:	-0.71%
Price / MA20:	-2.55%
Price / MA50:	-2.46%
Price / MA100:	-1.01%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.08%
Price / MAexp100:	-0.17%

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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