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 10/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 147.43 JPY

My targets

148.68 JPY (+0.15)

149.37 JPY (+0.84)

My analysis

With a bullish background trend, the price of USD/JPY is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 147.43 JPY. A bullish break in the resistance located at 148.68 JPY would boost the bullish momentum and fuel the basic trend. Then the price could move towards 149.37 JPY. Then 150.17 JPY by extension. It would be safer to wait for a bullish break in the resistance located at 148.68 JPY before allowing yourself to re trade long positions (at purchase) on USD/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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

0.7

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

Additional analysis

Quotes

The USD/JPY rating is 148.53 JPY. On the day, this instrument lost -0.42% and was traded between 148.25 JPY and 149.58 JPY over the period. The price is currently at +0.19% from its lowest and -0.70% from its highest.

148.25

149.58

148.53

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 an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this USD/JPY chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

Long white line

Type : Bullish

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	142.96	144.74	146.75	148.53	148.68	149.37	150.17
Change (%)	-3.75%	-2.55%	-1.20%	-	+0.10%	+0.57%	+1.10%
Change	-5.57	-3.79	-1.78	-	+0.15	+0.84	+1.64
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Major

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	146.96	147.49	148.32	148.85	149.68	150.21	151.04
Camarilla	148.79	148.91	149.04	149.16	149.29	149.41	149.53
Woodie	147.12	147.57	148.48	148.93	149.84	150.29	151.20
Fibonacci	147.49	148.01	148.33	148.85	149.37	149.69	150.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	136.56	139.10	143.91	146.45	151.26	153.80	158.61
Camarilla	146.69	147.36	148.04	148.71	149.38	150.06	150.73
Woodie	137.69	139.67	145.04	147.02	152.39	154.37	159.74
Fibonacci	139.10	141.91	143.65	146.45	149.26	151.00	153.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	132.17	135.87	139.80	143.50	147.43	151.13	155.06
Camarilla	141.62	142.32	143.02	143.72	144.42	145.12	145.82
Woodie	132.28	135.93	139.91	143.56	147.54	151.19	155.17
Fibonacci	135.87	138.79	140.59	143.50	146.42	148.22	151.13

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):	53.29
MACD (12,26,9):	0.0500
Directional Movement:	-14.84
AROON (14):	0
DEMA (21):	149.14
Parabolic SAR (0,02-0,02-0,2):	148.77
Elder Ray (13):	-0.14
Super Trend (3,10):	148.81
Zig ZAG (10):	148.97
VORTEX (21):	0.8400
Stochastique (14,3,5):	27.90
TEMA (21):	149.01
Williams %R (14):	-48.12
Chande Momentum Oscillator (20):	-0.27
Repulse (5,40,3):	-0.0200
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.30

MA7:	148.06
MA20:	144.78
MA50:	145.08
MA100:	151.29
MAexp7:	148.97
MAexp20:	149.04
MAexp50:	148.78
MAexp100:	148.22
Price / MA7:	+0.32%
Price / MA20:	+2.59%
Price / MA50:	+2.38%
Price / MA100:	-1.82%
Price / MAexp7:	-0.29%
Price / MAexp20:	-0.34%
Price / MAexp50:	-0.16%
Price / MAexp100:	+0.22%

Quotes : - Real time data - 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:

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

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