USD/JPY - Daily - Technical analysis published on 09/17/2020 (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
17%
61%
22%
My opinion
Bearish under 106.23 JPY
My targets
103.11 JPY (-1.96)
103.10 JPY (-1.97)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 106.23 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 103.11 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 103.10 JPY as an objective. Crossing it would then enable sellers to target 87.29 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.
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
7.5
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Additional analysis
Quotes
The USD/JPY rating is 105.07 JPY. The price registered an increase of +0.01% on the session and was traded between 104.88 JPY and 105.08 JPY over the period. The price is currently at +0.18% from its lowest and -0.01% from its highest.104.88
105.08
105.07
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in Daily 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
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
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 87.29 | 103.11 | 104.72 | 105.07 | 106.23 | 108.19 | 109.56 |
| Change (%) | -16.92% | -1.87% | -0.33% | - | +1.10% | +2.97% | +4.27% |
| Change | -17.78 | -1.96 | -0.35 | - | +1.16 | +3.12 | +4.49 |
| Level | Minor | 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 | 104.16 | 104.48 | 104.77 | 105.09 | 105.38 | 105.70 | 105.99 |
| Camarilla | 104.89 | 104.95 | 105.00 | 105.06 | 105.12 | 105.17 | 105.23 |
| Woodie | 104.15 | 104.47 | 104.76 | 105.08 | 105.37 | 105.69 | 105.98 |
| Fibonacci | 104.48 | 104.71 | 104.86 | 105.09 | 105.32 | 105.47 | 105.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.24 | 105.51 | 105.84 | 106.11 | 106.44 | 106.71 | 107.04 |
| Camarilla | 106.00 | 106.05 | 106.11 | 106.16 | 106.22 | 106.27 | 106.33 |
| Woodie | 105.26 | 105.53 | 105.86 | 106.13 | 106.46 | 106.73 | 107.06 |
| Fibonacci | 105.51 | 105.74 | 105.88 | 106.11 | 106.34 | 106.48 | 106.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.10 | 104.10 | 105.05 | 106.05 | 107.00 | 108.00 | 108.95 |
| Camarilla | 105.46 | 105.64 | 105.82 | 106.00 | 106.18 | 106.36 | 106.54 |
| Woodie | 103.08 | 104.09 | 105.03 | 106.04 | 106.98 | 107.99 | 108.93 |
| Fibonacci | 104.10 | 104.85 | 105.31 | 106.05 | 106.80 | 107.26 | 108.00 |
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): | 39.10 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -16.60 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 105.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.73 | |
| Elder Ray (13): | -0.75 | |
| Super Trend (3,10): | 104.85 | |
| Zig ZAG (10): | 105.02 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 12.03 | |
| TEMA (21): | 105.52 | |
| Williams %R (14): | -87.43 | |
| Chande Momentum Oscillator (20): | -0.88 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.71 |
| MA7: | 105.68 | |
| MA20: | 105.93 | |
| MA50: | 106.12 | |
| MA100: | 106.77 | |
| MAexp7: | 105.52 | |
| MAexp20: | 105.84 | |
| MAexp50: | 106.19 | |
| MAexp100: | 106.69 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -0.99% | |
| Price / MA100: | -1.59% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -1.05% | |
| Price / MAexp100: | -1.52% |
Quotes :
2020-09-17 01:45:21
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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:
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USD/JPY Technical Analysis For September 16, 2020 By FX Empire
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USD/JPY Technical Analysis for September 16, 2020 by FXEmpire
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USD/JPY Technical Analysis For September 15, 2020 By FX Empire
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USD/JPY Technical Analysis for September 15, 2020 by FXEmpire
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USD/JPY Technical Analysis For September 14, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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