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 09/15/2020 (GMT)

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

Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 106.23 JPY
My targets
104.72 JPY (-0.93)
103.11 JPY (-2.54)
My analysis
The bearish basic trend is very strong on USD/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 106.23 JPY. Crossing the first support at 104.72 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 103.11 JPY as an objective. Crossing it would then enable sellers to target 87.29 JPY. Caution, a return to above the resistance located at 106.23 JPY would be a sign of a possible consolidation phase of the short-term basic trend. 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.

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
0
10
6.3

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.

This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/JPY rating is 105.65 JPY. The price registered a decrease of -0.08% on the session and was traded between 105.61 JPY and 105.75 JPY over the period. The price is currently at +0.04% from its lowest and -0.09% from its highest.

105.61
105.75
105.65

Here is a more detailed summary of the historical variations registered by USD/JPY:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily


Support of triangle is broken

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 87.29 103.11 104.72 105.65 106.23 108.19 109.56
Change (%) -17.38% -2.40% -0.88% - +0.55% +2.40% +3.70%
Change -18.36 -2.54 -0.93 - +0.58 +2.54 +3.91
Level Minor Major Major - Intermediate Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.84105.20105.46105.82106.08106.44106.70
Camarilla105.56105.62105.67105.73105.79105.84105.90
Woodie104.80105.18105.42105.80106.04106.42106.66
Fibonacci105.20105.43105.58105.82106.05106.20106.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.24105.51105.84106.11106.44106.71107.04
Camarilla106.00106.05106.11106.16106.22106.27106.33
Woodie105.26105.53105.86106.13106.46106.73107.06
Fibonacci105.51105.74105.88106.11106.34106.48106.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.10104.10105.05106.05107.00108.00108.95
Camarilla105.46105.64105.82106.00106.18106.36106.54
Woodie103.08104.09105.03106.04106.98107.99108.93
Fibonacci104.10104.85105.31106.05106.80107.26108.00

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): 44.71
MACD (12,26,9): -0.0800
Directional Movement: -9.29
AROON (14): 0
DEMA (21): 105.93
Parabolic SAR (0,02-0,02-0,2): 106.92
Elder Ray (13): -0.32
Super Trend (3,10): 104.85
Zig ZAG (10): 105.66
VORTEX (21): 0.9700
Stochastique (14,3,5): 37.14
TEMA (21): 105.99
Williams %R (14): -74.29
Chande Momentum Oscillator (20): 0.30
Repulse (5,40,3): -0.3400
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.06
MA7: 106.03
MA20: 106.03
MA50: 106.21
MA100: 106.81
MAexp7: 105.95
MAexp20: 106.04
MAexp50: 106.29
MAexp100: 106.76
Price / MA7: -0.36%
Price / MA20: -0.36%
Price / MA50: -0.53%
Price / MA100: -1.09%
Price / MAexp7: -0.28%
Price / MAexp20: -0.37%
Price / MAexp50: -0.60%
Price / MAexp100: -1.04%

Quotes : 2020-09-15 03:37:51 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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