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 : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

28%

56%

17%

My opinion

Bearish under 157.08 JPY

My targets

155.75 JPY (-0.54)

155.31 JPY (-0.98)

My analysis

The current short-term bearish acceleration registered on USD/JPY should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 157.08 JPY. Short-term sellers will use the support located at 155.75 JPY as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 155.31 JPY. Crossing this support would then open the door for sellers to target 154.70 JPY. Caution, if there is a return to below 157.08 JPY, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.3

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

The USD/JPY rating is 156.29 JPY. The price registered a decrease of -1.29% on the session and was traded between 154.53 JPY and 160.23 JPY over the period. The price is currently at +1.14% from its lowest and -2.46% from its highest.

154.53

160.23

156.29

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

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 USD/JPY in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	154.70	155.31	155.75	156.29
Change (%)	-1.02%	-0.63%	-0.35%	-
Change	-1.59	-0.98	-0.54	-
Level	Intermediate	Minor	Intermediate	-

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

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):	40.30
MACD (12,26,9):	-0.2600
Directional Movement:	-20.49
AROON (14):	-42.86
DEMA (21):	156.78
Parabolic SAR (0,02-0,02-0,2):	158.59
Elder Ray (13):	-0.71
Super Trend (3,10):	158.58
Zig ZAG (10):	156.17
VORTEX (21):	0.9000
Stochastique (14,3,5):	24.80
TEMA (21):	156.22
Williams %R (14):	-70.18
Chande Momentum Oscillator (20):	-1.96
Repulse (5,40,3):	0.3900
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	2.12

MA7:	155.66
MA20:	153.81
MA50:	151.52
MA100:	148.78
MAexp7:	156.34
MAexp20:	156.91
MAexp50:	156.69
MAexp100:	156.13
Price / MA7:	+0.40%
Price / MA20:	+1.61%
Price / MA50:	+3.15%
Price / MA100:	+5.05%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.40%
Price / MAexp50:	-0.26%
Price / MAexp100:	+0.10%

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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