USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 04/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

11%

50%

39%

My opinion

Bearish under 155.31 JPY

My targets

154.70 JPY (-0.33)

153.59 JPY (-1.44)

My analysis

USD/JPY is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 155.31 JPY, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 154.70 JPY. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 153.59 JPY would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 151.64 JPY. Beware of a possible return to above the resistance located at 155.31 JPY which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

4.1

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

Additional analysis

Quotes

USD/JPY rating 155.03 JPY. On the day, this instrument lost -2.08% and was between 154.53 JPY and 160.23 JPY. This implies that the price is at +0.32% from its lowest and at -3.25% from its highest.

154.53

160.23

155.03

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

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 black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	151.64	153.59	154.70	155.03	155.31	155.75
Change (%)	-2.19%	-0.93%	-0.21%	-	+0.18%	+0.46%
Change	-3.39	-1.44	-0.33	-	+0.28	+0.72
Level	Major	Minor	Intermediate	-	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
Standard	152.58	153.78	156.05	157.25	159.52	160.72	162.99
Camarilla	157.38	157.69	158.01	158.33	158.65	158.97	159.28
Woodie	153.13	154.05	156.60	157.52	160.07	160.99	163.54
Fibonacci	153.78	155.10	155.92	157.25	158.57	159.39	160.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.73	153.10	155.71	157.08	159.69	161.06	163.67
Camarilla	157.24	157.60	157.97	158.33	158.70	159.06	159.43
Woodie	152.36	153.41	156.34	157.39	160.32	161.37	164.30
Fibonacci	153.10	154.62	155.56	157.08	158.60	159.54	161.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.37	144.43	147.86	149.92	153.35	155.41	158.84
Camarilla	149.79	150.29	150.80	151.30	151.80	152.31	152.81
Woodie	143.07	144.77	148.56	150.26	154.05	155.75	159.54
Fibonacci	144.43	146.52	147.82	149.92	152.01	153.31	155.41

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):	33.28
MACD (12,26,9):	0.0500
Directional Movement:	-24.83
AROON (14):	-42.86
DEMA (21):	157.64
Parabolic SAR (0,02-0,02-0,2):	159.73
Elder Ray (13):	-1.26
Super Trend (3,10):	158.85
Zig ZAG (10):	155.13
VORTEX (21):	0.9000
Stochastique (14,3,5):	24.39
TEMA (21):	157.28
Williams %R (14):	-99.04
Chande Momentum Oscillator (20):	-3.37
Repulse (5,40,3):	-1.8400
ROCnROLL:	2
TRIX (15,9):	0.0400
Courbe Coppock:	0.43

MA7:	155.43
MA20:	153.77
MA50:	151.50
MA100:	148.77
MAexp7:	156.87
MAexp20:	157.40
MAexp50:	156.83
MAexp100:	156.15
Price / MA7:	-0.26%
Price / MA20:	+0.82%
Price / MA50:	+2.33%
Price / MA100:	+4.21%
Price / MAexp7:	-1.17%
Price / MAexp20:	-1.51%
Price / MAexp50:	-1.15%
Price / MAexp100:	-0.72%

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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