USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 12/17/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above

My targets

()

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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 gioviforex. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY price is 153.95 JPY. The price is lower by -0.10% since the last closing with the lowest point at 153.66 JPY and the highest point at 154.35 JPY. The deviation from the price is +0.19% for the low point and -0.26% for the high point.

153.66

154.35

153.95

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/JPY chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	144.74	146.75	150.17	153.95	156.48	158.33	161.59
Change (%)	-5.98%	-4.68%	-2.46%	-	+1.64%	+2.85%	+4.96%
Change	-9.21	-7.20	-3.78	-	+2.53	+4.38	+7.64
Level	Minor	Minor	Major	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	152.29	152.81	153.45	153.97	154.61	155.13	155.77
Camarilla	153.78	153.89	153.99	154.10	154.21	154.31	154.42
Woodie	152.36	152.84	153.52	154.00	154.68	155.16	155.84
Fibonacci	152.81	153.25	153.52	153.97	154.41	154.68	155.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	146.89	148.29	151.00	152.40	155.11	156.51	159.22
Camarilla	152.58	152.96	153.33	153.71	154.09	154.46	154.84
Woodie	147.55	148.62	151.66	152.73	155.77	156.84	159.88
Fibonacci	148.29	149.86	150.83	152.40	153.97	154.94	156.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	139.98	144.73	147.26	152.01	154.54	159.29	161.82
Camarilla	147.80	148.47	149.13	149.80	150.47	151.14	151.80
Woodie	138.88	144.18	146.16	151.46	153.44	158.74	160.72
Fibonacci	144.73	147.51	149.23	152.01	154.79	156.51	159.29

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):	58.43
MACD (12,26,9):	0.2600
Directional Movement:	8.78
AROON (14):	64.29
DEMA (21):	152.63
Parabolic SAR (0,02-0,02-0,2):	149.73
Elder Ray (13):	1.54
Super Trend (3,10):	154.13
Zig ZAG (10):	153.71
VORTEX (21):	0.9900
Stochastique (14,3,5):	89.63
TEMA (21):	152.41
Williams %R (14):	-12.84
Chande Momentum Oscillator (20):	3.94
Repulse (5,40,3):	0.6400
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.00

MA7:	152.80
MA20:	152.17
MA50:	152.18
MA100:	148.64
MAexp7:	152.92
MAexp20:	152.37
MAexp50:	151.59
MAexp100:	150.97
Price / MA7:	+0.75%
Price / MA20:	+1.17%
Price / MA50:	+1.16%
Price / MA100:	+3.57%
Price / MAexp7:	+0.67%
Price / MAexp20:	+1.04%
Price / MAexp50:	+1.56%
Price / MAexp100:	+1.97%

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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