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 09/22/2020 (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

28%

56%

17%

My opinion

Bearish under 106.26 JPY

My targets

103.11 JPY (-1.90)

103.10 JPY (-1.91)

My analysis

USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 106.26 JPY. The next support located at 103.11 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 103.10 JPY. Below this support, sellers could then target 87.29 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

Comment on the analysis

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:

Additional analysis

Quotes

The USD/JPY price is 105.01 JPY. The price has increased by +0.31% since the last closing with the lowest point at 104.40 JPY and the highest point at 105.08 JPY. The deviation from the price is +0.58% for the low point and -0.07% for the high point.

104.40

105.08

105.01

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.29	103.11	104.72	105.01	106.26	108.19	109.56
Change (%)	-16.87%	-1.81%	-0.28%	-	+1.19%	+3.03%	+4.33%
Change	-17.72	-1.90	-0.29	-	+1.25	+3.18	+4.55
Level	Minor	Major	Major	-	Major	Intermediate	Intermediate

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
Standard	103.26	103.63	104.16	104.53	105.06	105.43	105.96
Camarilla	104.44	104.53	104.61	104.69	104.77	104.86	104.94
Woodie	103.34	103.67	104.24	104.57	105.14	105.47	106.04
Fibonacci	103.63	103.97	104.19	104.53	104.87	105.09	105.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.93	103.10	103.83	105.00	105.73	106.90	107.63
Camarilla	104.04	104.21	104.39	104.56	104.73	104.91	105.08
Woodie	101.71	102.99	103.61	104.89	105.51	106.79	107.41
Fibonacci	103.10	103.83	104.27	105.00	105.73	106.17	106.90

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

Technical indicators

Moving averages

RSI (14):	41.57
MACD (12,26,9):	-0.3500
Directional Movement:	-17.87
AROON (14):	-85.72
DEMA (21):	105.13
Parabolic SAR (0,02-0,02-0,2):	106.05
Elder Ray (13):	-0.60
Super Trend (3,10):	106.29
Zig ZAG (10):	105.01
VORTEX (21):	0.9000
Stochastique (14,3,5):	26.20
TEMA (21):	104.94
Williams %R (14):	-60.78
Chande Momentum Oscillator (20):	-1.25
Repulse (5,40,3):	0.4600
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.88

MA7:	105.02
MA20:	105.71
MA50:	105.97
MA100:	106.71
MAexp7:	105.06
MAexp20:	105.53
MAexp50:	106.01
MAexp100:	106.56
Price / MA7:	-0.01%
Price / MA20:	-0.66%
Price / MA50:	-0.91%
Price / MA100:	-1.59%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.49%
Price / MAexp50:	-0.94%
Price / MAexp100:	-1.45%

Quotes : 2020-09-22 22:51:14 - Real time data - 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:

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

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