USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - Daily - Technical analysis published on 06/24/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 108.50 JPY

My targets

105.37 JPY (-1.16)

103.08 JPY (-3.45)

My analysis

USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 108.50 JPY. The next support located at 105.37 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 103.08 JPY. Below this support, sellers could then target 99.98 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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

Additional analysis

Quotes

The USD/JPY rating is 106.53 JPY. The price registered an increase of +0.10% on the session with the lowest point at 106.38 JPY and the highest point at 106.65 JPY. The deviation from the price is +0.14% for the low point and -0.11% for the high point.

106.38

106.65

106.53

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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 study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/JPY chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

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	99.98	103.08	105.37	106.53	106.82	108.50	109.57
Change (%)	-6.15%	-3.24%	-1.09%	-	+0.27%	+1.85%	+2.85%
Change	-6.55	-3.45	-1.16	-	+0.29	+1.97	+3.04
Level	Major	Major	Major	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.77	105.42	105.92	106.57	107.07	107.72	108.22
Camarilla	106.10	106.21	106.32	106.42	106.53	106.63	106.74
Woodie	104.70	105.38	105.85	106.53	107.00	107.68	108.15
Fibonacci	105.42	105.86	106.13	106.57	107.01	107.28	107.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	121.62	122.35	123.12	123.85	124.62	125.35	126.12
Camarilla	123.48	123.62	123.75	123.89	124.03	124.17	124.30
Woodie	121.64	122.36	123.14	123.86	124.64	125.36	126.14
Fibonacci	122.35	122.92	123.28	123.85	124.42	124.78	125.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.40	105.19	106.51	107.30	108.62	109.41	110.73
Camarilla	107.25	107.44	107.64	107.83	108.02	108.22	108.41
Woodie	104.67	105.32	106.78	107.43	108.89	109.54	111.00
Fibonacci	105.19	106.00	106.49	107.30	108.11	108.60	109.41

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.16
MACD (12,26,9):	-0.2900
Directional Movement:	-14.92
AROON (14):	-85.72
DEMA (21):	107.00
Parabolic SAR (0,02-0,02-0,2):	108.28
Elder Ray (13):	-0.61
Super Trend (3,10):	108.39
Zig ZAG (10):	106.52
VORTEX (21):	0.9300
Stochastique (14,3,5):	10.41
TEMA (21):	106.73
Williams %R (14):	-88.10
Chande Momentum Oscillator (20):	-1.90
Repulse (5,40,3):	-0.3200
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	2.92

MA7:	106.86
MA20:	107.63
MA50:	107.42
MA100:	108.03
MAexp7:	106.84
MAexp20:	107.29
MAexp50:	107.56
MAexp100:	107.86
Price / MA7:	-0.31%
Price / MA20:	-1.02%
Price / MA50:	-0.83%
Price / MA100:	-1.39%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.72%
Price / MAexp50:	-0.97%
Price / MAexp100:	-1.24%

Quotes : 2020-06-24 09:43:28 - 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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