USD/JPY - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 107.11 JPY
My targets
106.64 JPY (-0.17)
106.42 JPY (-0.39)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 107.11 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 106.64 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 106.42 JPY as an objective. Crossing it would then enable sellers to target 105.37 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by n4nd14hm. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 106.81 JPY. The price registered a decrease of -0.11% on the session and was between 106.79 JPY and 106.96 JPY. This implies that the price is at +0.02% from its lowest and at -0.14% from its highest.106.79
106.96
106.81
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
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 105.37 | 106.42 | 106.64 | 106.81 | 106.89 | 107.11 | 107.33 |
| Change (%) | -1.35% | -0.37% | -0.16% | - | +0.07% | +0.28% | +0.49% |
| Change | -1.44 | -0.39 | -0.17 | - | +0.08 | +0.30 | +0.52 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 105.99 | 106.32 | 106.62 | 106.95 | 107.25 | 107.58 | 107.88 |
| Camarilla | 106.76 | 106.82 | 106.87 | 106.93 | 106.99 | 107.05 | 107.10 |
| Woodie | 105.99 | 106.31 | 106.62 | 106.94 | 107.25 | 107.57 | 107.88 |
| Fibonacci | 106.32 | 106.56 | 106.71 | 106.95 | 107.19 | 107.34 | 107.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.30 | 105.97 | 106.45 | 107.12 | 107.60 | 108.27 | 108.75 |
| Camarilla | 106.61 | 106.72 | 106.83 | 106.93 | 107.04 | 107.14 | 107.25 |
| Woodie | 105.21 | 105.92 | 106.36 | 107.07 | 107.51 | 108.22 | 108.66 |
| Fibonacci | 105.97 | 106.41 | 106.68 | 107.12 | 107.56 | 107.83 | 108.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.31 | 104.19 | 106.09 | 107.97 | 109.87 | 111.75 | 113.65 |
| Camarilla | 106.95 | 107.30 | 107.64 | 107.99 | 108.34 | 108.68 | 109.03 |
| Woodie | 102.32 | 104.20 | 106.10 | 107.98 | 109.88 | 111.76 | 113.66 |
| Fibonacci | 104.19 | 105.63 | 106.53 | 107.97 | 109.41 | 110.31 | 111.75 |
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): | 38.82 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -11.05 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 106.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.73 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 107.02 | |
| Zig ZAG (10): | 106.80 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 58.33 | |
| TEMA (21): | 106.84 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.13 |
| MA7: | 107.24 | |
| MA20: | 107.20 | |
| MA50: | 107.43 | |
| MA100: | 107.65 | |
| MAexp7: | 106.86 | |
| MAexp20: | 106.89 | |
| MAexp50: | 107.02 | |
| MAexp100: | 107.18 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.35% |
Quotes :
2020-07-13 02:52:48
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Real time data
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Forex
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Technical Analysis for the Week of July 13, 2020 by FXEmpire
-
USD/JPY Technical Analysis for July 13, 2020 by FXEmpire
-
USD/JPY Technical Analysis for July 10, 2020 by FXEmpire
-
USD/JPY Technical Analysis for July 9, 2020 by FXEmpire
-
USD/JPY Technical Analysis for July 8, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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