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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 10/21/2024 (GMT)

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  • 10/21/2024 - 10:05
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 10/21/2024 - 10:05
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 149.57 JPY
My targets
151.04 JPY (+1.01)
151.75 JPY (+1.72)
My analysis
The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 149.57 JPY, you could try to benefit from the boom. The first bullish objective is located at 151.04 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 151.75 JPY as an objective. Crossing it would then enable buyers to target 155.12 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.7

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.

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

Additional analysis

Quotes

USD/JPY rating 150.03 JPY. The price has increased by +0.33% since the last closing and was between 149.09 JPY and 150.09 JPY. This implies that the price is at +0.63% from its lowest and at -0.04% from its highest.

149.09
150.09
150.03

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-12.5012.52537.5January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/JPY in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 149.37 149.57 149.98 150.03 150.17 155.12 158.33
Change (%) -0.44% -0.31% -0.03% - +0.09% +3.39% +5.53%
Change -0.66 -0.46 -0.05 - +0.14 +5.09 +8.30
Level Minor Intermediate Minor - Major Minor Minor



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
Standard148.42148.89149.21149.68150.00150.47150.79
Camarilla149.31149.39149.46149.53149.60149.68149.75
Woodie148.35148.85149.14149.64149.93150.43150.72
Fibonacci148.89149.19149.38149.68149.98150.17150.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard147.34148.10148.81149.57150.28151.04151.75
Camarilla149.13149.26149.40149.53149.67149.80149.93
Woodie147.33148.09148.80149.56150.27151.03151.74
Fibonacci148.10148.66149.01149.57150.13150.48151.04


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
Created with Raphaël 2.3.0Buy15
Moving averages
Created with Raphaël 2.3.0Buy23

RSI (14): 66.42
MACD (12,26,9): 0.0400
Directional Movement: 13.42
AROON (14): 57.15
DEMA (21): 149.68
Parabolic SAR (0,02-0,02-0,2): 149.25
Elder Ray (13): 0.36
Super Trend (3,10): 149.48
Zig ZAG (10): 150.06
VORTEX (21): 1.1100
Stochastique (14,3,5): 97.28
TEMA (21): 149.76
Williams %R (14): -4.00
Chande Momentum Oscillator (20): 0.47
Repulse (5,40,3): 0.2400
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.28
MA7: 149.60
MA20: 147.29
MA50: 145.52
MA100: 150.77
MAexp7: 149.81
MAexp20: 149.67
MAexp50: 149.68
MAexp100: 149.59
Price / MA7: +0.29%
Price / MA20: +1.86%
Price / MA50: +3.10%
Price / MA100: -0.49%
Price / MAexp7: +0.15%
Price / MAexp20: +0.24%
Price / MAexp50: +0.23%
Price / MAexp100: +0.29%

Quotes : 10/21/2024 - 10:05 - 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.

About author

Londinia
Londinia AI

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