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USD/JPY
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 07/09/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 108.50 JPY
My targets
106.42 JPY (-0.89)
105.37 JPY (-1.94)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/JPY. As long as you are under the resistance located at 108.50 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 106.42 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 105.37 JPY as an objective. Crossing it would then enable sellers to target 103.08 JPY. If the resistance 108.50 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/JPY rating is 107.31 JPY. On the day, this instrument gained +0.02% and was between 107.18 JPY and 107.37 JPY. This implies that the price is at +0.12% from its lowest and at -0.06% from its highest.

107.18
107.37
107.31

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this USD/JPY chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 105.37 106.42 107.11 107.31 108.50 109.57 112.01
Change (%) -1.81% -0.83% -0.19% - +1.11% +2.11% +4.38%
Change -1.94 -0.89 -0.20 - +1.19 +2.26 +4.70
Level Major Intermediate Intermediate - Intermediate Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.71106.96107.12107.37107.53107.78107.94
Camarilla107.18107.22107.25107.29107.33107.37107.40
Woodie106.68106.94107.09107.35107.50107.76107.91
Fibonacci106.96107.11107.21107.37107.52107.62107.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.84106.44106.97107.57108.10108.70109.23
Camarilla107.19107.29107.40107.50107.60107.71107.81
Woodie105.81106.42106.94107.55108.07108.68109.20
Fibonacci106.44106.87107.14107.57108.00108.27108.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.31104.19106.09107.97109.87111.75113.65
Camarilla106.95107.30107.64107.99108.34108.68109.03
Woodie102.32104.20106.10107.98109.88111.76113.66
Fibonacci104.19105.63106.53107.97109.41110.31111.75

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): 48.38
MACD (12,26,9): -0.0400
Directional Movement: -2.70
AROON (14): 42.85
DEMA (21): 107.34
Parabolic SAR (0,02-0,02-0,2): 106.80
Elder Ray (13): -0.11
Super Trend (3,10): 108.64
Zig ZAG (10): 107.31
VORTEX (21): 1.0200
Stochastique (14,3,5): 62.86
TEMA (21): 107.35
Williams %R (14): -40.95
Chande Momentum Oscillator (20): 0.88
Repulse (5,40,3): -0.1600
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.74
MA7: 107.41
MA20: 107.26
MA50: 107.43
MA100: 107.74
MAexp7: 107.38
MAexp20: 107.40
MAexp50: 107.53
MAexp100: 107.79
Price / MA7: -0.09%
Price / MA20: +0.05%
Price / MA50: -0.11%
Price / MA100: -0.40%
Price / MAexp7: -0.07%
Price / MAexp20: -0.08%
Price / MAexp50: -0.20%
Price / MAexp100: -0.45%

Quotes : 2020-07-09 09:16:22 - 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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Londinia
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