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 05/15/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

78%

17%

My opinion

Bearish under 155.96 JPY

My targets

154.70 JPY (-0.96)

154.00 JPY (-1.66)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/JPY as long as the price remains well below 155.96 JPY. The sellers' bearish objective is set at 154.70 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 154.00 JPY. In case of crossing, the next objective would be the support located at 152.77 JPY.

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

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 155.66 JPY. The price registered a decrease of -0.55% on the session and was traded between 155.57 JPY and 156.56 JPY over the period. The price is currently at +0.06% from its lowest and -0.57% from its highest.

155.57

156.56

155.66

Here is a more detailed summary of the historical variations registered by USD/JPY:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/JPY in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	152.77	154.00	154.70	155.66	155.96	156.78	158.33
Change (%)	-1.86%	-1.07%	-0.62%	-	+0.19%	+0.72%	+1.72%
Change	-2.89	-1.66	-0.96	-	+0.30	+1.12	+2.67
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.69	155.96	156.24	156.51	156.79	157.06	157.34
Camarilla	156.37	156.42	156.47	156.52	156.57	156.62	156.67
Woodie	155.70	155.96	156.25	156.51	156.80	157.06	157.35
Fibonacci	155.96	156.17	156.30	156.51	156.72	156.85	157.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.57	151.68	153.73	154.84	156.89	158.00	160.05
Camarilla	154.90	155.19	155.48	155.77	156.06	156.35	156.64
Woodie	151.03	151.92	154.19	155.08	157.35	158.24	160.51
Fibonacci	151.68	152.89	153.64	154.84	156.05	156.80	158.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.88	146.84	152.30	156.26	161.72	165.68	171.14
Camarilla	155.16	156.02	156.89	157.75	158.61	159.48	160.34
Woodie	143.62	147.22	153.04	156.64	162.46	166.06	171.88
Fibonacci	146.84	150.44	152.67	156.26	159.86	162.09	165.68

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):	29.77
MACD (12,26,9):	-0.1500
Directional Movement:	-27.43
AROON (14):	-57.14
DEMA (21):	156.00
Parabolic SAR (0,02-0,02-0,2):	156.34
Elder Ray (13):	-0.39
Super Trend (3,10):	156.25
Zig ZAG (10):	155.68
VORTEX (21):	0.7900
Stochastique (14,3,5):	17.85
TEMA (21):	155.81
Williams %R (14):	-89.90
Chande Momentum Oscillator (20):	-0.84
Repulse (5,40,3):	-0.1300
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.67

MA7:	155.67
MA20:	155.40
MA50:	152.74
MA100:	150.21
MAexp7:	155.89
MAexp20:	156.15
MAexp50:	156.17
MAexp100:	155.98
Price / MA7:	-0.01%
Price / MA20:	+0.17%
Price / MA50:	+1.91%
Price / MA100:	+3.63%
Price / MAexp7:	-0.15%
Price / MAexp20:	-0.31%
Price / MAexp50:	-0.33%
Price / MAexp100:	-0.21%

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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