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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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High / Low range: -
Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 10/07/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 147.43 JPY
My targets
149.00 JPY (+0.98)
150.17 JPY (+2.15)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 147.43 JPY remains possible. It is advisable to trade USD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 147.43 JPY. The next bullish objective for buyers is set at 149.00 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 150.17 JPY. If there is any crossing, the next objective would be the resistance located at 155.12 JPY. PS: if there is a bearish break in the support located at 147.43 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.1

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.

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

Additional analysis

Quotes

USD/JPY rating 148.02 JPY. The price is lower by -0.46% since the last closing and was between 148.00 JPY and 149.13 JPY. This implies that the price is at +0.01% from its lowest and at -0.74% from its highest.

148.00
149.13
148.02

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/JPY chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 142.94 144.75 146.75 148.02 149.00 150.17 155.12
Change (%) -3.43% -2.21% -0.86% - +0.66% +1.45% +4.80%
Change -5.08 -3.27 -1.27 - +0.98 +2.15 +7.10
Level Minor Intermediate Major - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard143.67144.80146.75147.88149.83150.96152.91
Camarilla147.86148.15148.43148.71148.99149.28149.56
Woodie144.09145.01147.17148.09150.25151.17153.33
Fibonacci144.80145.97146.70147.88149.05149.78150.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard136.56139.10143.91146.45151.26153.80158.61
Camarilla146.69147.36148.04148.71149.38150.06150.73
Woodie137.69139.67145.04147.02152.39154.37159.74
Fibonacci139.10141.91143.65146.45149.26151.00153.80


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard132.17135.87139.80143.50147.43151.13155.06
Camarilla141.62142.32143.02143.72144.42145.12145.82
Woodie132.28135.93139.91143.56147.54151.19155.17
Fibonacci135.87138.79140.59143.50146.42148.22151.13

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 50.63
MACD (12,26,9): 0.1700
Directional Movement: 2.08
AROON (14): -100.00
DEMA (21): 148.61
Parabolic SAR (0,02-0,02-0,2): 148.80
Elder Ray (13): -0.23
Super Trend (3,10): 148.08
Zig ZAG (10): 148.18
VORTEX (21): 0.8900
Stochastique (14,3,5): 28.93
TEMA (21): 148.42
Williams %R (14): -86.11
Chande Momentum Oscillator (20): -0.26
Repulse (5,40,3): -0.1300
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.53
MA7: 145.70
MA20: 143.79
MA50: 145.19
MA100: 151.53
MAexp7: 148.33
MAexp20: 148.32
MAexp50: 147.68
MAexp100: 146.71
Price / MA7: +1.59%
Price / MA20: +2.94%
Price / MA50: +1.95%
Price / MA100: -2.32%
Price / MAexp7: -0.21%
Price / MAexp20: -0.20%
Price / MAexp50: +0.23%
Price / MAexp100: +0.89%

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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