USD/JPY - 1H - Technical analysis published on 09/18/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 104.52 JPY
My targets
104.10 JPY (-0.27)
103.11 JPY (-1.26)
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 104.52 JPY. The sellers” bearish objective is set at 104.10 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.11 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 104.37 JPY. On the day, this instrument lost -0.31% and was traded between 104.27 JPY and 104.87 JPY over the period. The price is currently at +0.10% from its lowest and -0.48% from its highest.104.27
104.87
104.37
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 75.86 | 87.29 | 103.11 | 104.37 | 104.52 | 104.72 | 105.30 |
| Change (%) | -27.32% | -16.36% | -1.21% | - | +0.14% | +0.34% | +0.89% |
| Change | -28.51 | -17.08 | -1.26 | - | +0.15 | +0.35 | +0.93 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.75 | 104.14 | 104.41 | 104.80 | 105.07 | 105.46 | 105.73 |
| Camarilla | 104.51 | 104.57 | 104.63 | 104.69 | 104.75 | 104.81 | 104.87 |
| Woodie | 103.70 | 104.11 | 104.36 | 104.77 | 105.02 | 105.43 | 105.68 |
| Fibonacci | 104.14 | 104.39 | 104.55 | 104.80 | 105.05 | 105.21 | 105.46 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.61 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -15.68 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 104.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.73 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 104.72 | |
| Zig ZAG (10): | 104.36 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 14.44 | |
| TEMA (21): | 104.42 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.53 |
| MA7: | 105.36 | |
| MA20: | 105.84 | |
| MA50: | 106.06 | |
| MA100: | 106.74 | |
| MAexp7: | 104.45 | |
| MAexp20: | 104.60 | |
| MAexp50: | 104.82 | |
| MAexp100: | 105.11 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -1.39% | |
| Price / MA50: | -1.59% | |
| Price / MA100: | -2.22% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.69% |
Quotes :
2020-09-18 12:55:38
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Real time data
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Forex
News
Don"t forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:
-
USD/JPY Technical Analysis For September 18, 2020 By FX Empire
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USD/JPY Technical Analysis for September 18, 2020 by FXEmpire
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USD/JPY Technical Analysis For September 17, 2020 By FX Empire
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USD/JPY Technical Analysis For September 16, 2020 By FX Empire
-
USD/JPY Technical Analysis for September 16, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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