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USD/JPY
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 10/28/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 152.47 JPY
My targets
153.04 JPY (+0.17)
153.98 JPY (+1.11)
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 152.47 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 152.47 JPY. The next bullish objective for buyers is set at 153.04 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 153.98 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 152.47 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
2.7

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

The USD/JPY rating is 152.87 JPY. The price has increased by +0.35% since the last closing with the lowest point at 152.67 JPY and the highest point at 153.88 JPY. The deviation from the price is +0.13% for the low point and -0.66% for the high point.

152.67
153.88
152.87

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

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 Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 151.45 152.11 152.47 152.87 153.04 155.12 158.33
Change (%) -0.93% -0.50% -0.26% - +0.11% +1.47% +3.57%
Change -1.42 -0.76 -0.40 - +0.17 +2.25 +5.46
Level Minor Intermediate Minor - Major 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
Standard150.80151.12151.73152.05152.66152.98153.59
Camarilla152.07152.16152.25152.33152.42152.50152.59
Woodie150.94151.19151.87152.12152.80153.05153.73
Fibonacci151.12151.48151.70152.05152.41152.63152.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard145.78147.44149.88151.54153.98155.64158.08
Camarilla151.20151.58151.95152.33152.71153.08153.46
Woodie146.18147.64150.28151.74154.38155.84158.48
Fibonacci147.44149.00149.97151.54153.10154.07155.64


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.49
MACD (12,26,9): 0.2700
Directional Movement: 5.27
AROON (14): 35.71
DEMA (21): 153.36
Parabolic SAR (0,02-0,02-0,2): 153.76
Elder Ray (13): -0.22
Super Trend (3,10): 152.65
Zig ZAG (10): 152.88
VORTEX (21): 1.0900
Stochastique (14,3,5): 40.10
TEMA (21): 153.45
Williams %R (14): -81.82
Chande Momentum Oscillator (20): -0.06
Repulse (5,40,3): -0.2600
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 1.14
MA7: 151.58
MA20: 149.44
MA50: 146.00
MA100: 150.58
MAexp7: 153.15
MAexp20: 152.98
MAexp50: 152.55
MAexp100: 152.05
Price / MA7: +0.85%
Price / MA20: +2.30%
Price / MA50: +4.71%
Price / MA100: +1.52%
Price / MAexp7: -0.18%
Price / MAexp20: -0.07%
Price / MAexp50: +0.21%
Price / MAexp100: +0.54%

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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