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 09/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 141.77 JPY

My targets

143.05 JPY (+0.76)

143.79 JPY (+1.50)

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 141.77 JPY. The next resistance located at 143.05 JPY is the next bullish target 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 143.79 JPY. After this resistance, buyers could then target 146.75 JPY.

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

7.1

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 shmoot000. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY rating is 142.29 JPY. On the day, this instrument gained +1.06% and was traded between 140.32 JPY and 142.30 JPY over the period. The price is currently at +1.40% from its lowest and -0.01% from its highest.

140.32

142.30

142.29

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, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/JPY in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	140.28	141.03	141.77	142.29	143.05	143.79	146.75
Change (%)	-1.41%	-0.89%	-0.37%	-	+0.53%	+1.05%	+3.13%
Change	-2.01	-1.26	-0.52	-	+0.76	+1.50	+4.46
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Intermediate

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	138.18	138.88	139.84	140.54	141.50	142.20	143.16
Camarilla	140.34	140.50	140.65	140.80	140.95	141.10	141.26
Woodie	138.31	138.95	139.97	140.61	141.63	142.27	143.29
Fibonacci	138.88	139.51	139.91	140.54	141.17	141.57	142.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	135.95	138.12	139.47	141.64	142.99	145.16	146.51
Camarilla	139.86	140.19	140.51	140.83	141.15	141.48	141.80
Woodie	135.55	137.92	139.07	141.44	142.59	144.96	146.11
Fibonacci	138.12	139.46	140.29	141.64	142.98	143.81	145.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	132.42	137.05	141.62	146.25	150.82	155.45	160.02
Camarilla	143.65	144.49	145.34	146.18	147.02	147.87	148.71
Woodie	132.38	137.04	141.58	146.24	150.78	155.44	159.98
Fibonacci	137.05	140.57	142.74	146.25	149.77	151.94	155.45

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):	77.50
MACD (12,26,9):	0.3600
Directional Movement:	25.44
AROON (14):	85.71
DEMA (21):	141.67
Parabolic SAR (0,02-0,02-0,2):	140.93
Elder Ray (13):	0.57
Super Trend (3,10):	141.03
Zig ZAG (10):	142.23
VORTEX (21):	1.1700
Stochastique (14,3,5):	92.78
TEMA (21):	141.98
Williams %R (14):	-3.08
Chande Momentum Oscillator (20):	1.63
Repulse (5,40,3):	0.4100
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	1.59

MA7:	141.92
MA20:	143.72
MA50:	148.53
MA100:	152.99
MAexp7:	141.75
MAexp20:	141.25
MAexp50:	141.01
MAexp100:	141.27
Price / MA7:	+0.26%
Price / MA20:	-0.99%
Price / MA50:	-4.20%
Price / MA100:	-6.99%
Price / MAexp7:	+0.38%
Price / MAexp20:	+0.74%
Price / MAexp50:	+0.91%
Price / MAexp100:	+0.72%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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