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 09/17/2020 (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 (-1.46)
103.10 JPY (-1.47)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/JPY as long as the price remains well below 106.23 JPY. The sellers” bearish objective is set at 103.11 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.10 JPY. In case of crossing, the next objective would be the support located at 87.29 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5

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 price is 104.57 JPY. On the day, this instrument lost -0.47% and was traded between 104.52 JPY and 105.18 JPY over the period. The price is currently at +0.05% from its lowest and -0.58% from its highest.

104.52
105.18
104.57

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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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 : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 75.86 87.29 103.11 104.57 104.72 106.23 108.19
Change (%) -27.46% -16.52% -1.40% - +0.14% +1.59% +3.46%
Change -28.71 -17.28 -1.46 - +0.15 +1.66 +3.62
Level Minor Minor Major - Major Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.16104.48104.77105.09105.38105.70105.99
Camarilla104.89104.95105.00105.06105.12105.17105.23
Woodie104.15104.47104.76105.08105.37105.69105.98
Fibonacci104.48104.71104.86105.09105.32105.47105.70


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

Technical indicators
Moving averages

RSI (14): 35.05
MACD (12,26,9): -0.2500
Directional Movement: -19.00
AROON (14): -100.00
DEMA (21): 105.51
Parabolic SAR (0,02-0,02-0,2): 106.73
Elder Ray (13): -0.81
Super Trend (3,10): 106.58
Zig ZAG (10): 104.55
VORTEX (21): 0.9500
Stochastique (14,3,5): 8.66
TEMA (21): 105.41
Williams %R (14): -97.54
Chande Momentum Oscillator (20): -1.33
Repulse (5,40,3): -1.1300
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.86
MA7: 105.62
MA20: 105.90
MA50: 106.11
MA100: 106.77
MAexp7: 105.40
MAexp20: 105.79
MAexp50: 106.17
MAexp100: 106.68
Price / MA7: -0.99%
Price / MA20: -1.26%
Price / MA50: -1.45%
Price / MA100: -2.06%
Price / MAexp7: -0.79%
Price / MAexp20: -1.15%
Price / MAexp50: -1.51%
Price / MAexp100: -1.98%

Quotes : 2020-09-17 13:14:13 - Real time data - Forex

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

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