USD/JPY

- JPY (-)

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - Daily - Technical analysis published on 10/07/2020 (GMT)

Who voted?
111
0

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bearish

Technical indicators

72%

28%

My opinion

Neutral between 104.72 JPY and 108.19 JPY

My targets

My analysis

The short-term increase on USD/JPY remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 108.19 JPY. The first support is located at 104.72 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 rating is 105.96 JPY. The price has increased by +0.30% since the last closing with the lowest point at 105.63 JPY and the highest point at 106.11 JPY. The deviation from the price is +0.31% for the low point and -0.14% for the high point.

105.63

106.11

105.96

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 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 an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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	105.96	106.23	108.19	109.56
Change (%)	-17.62%	-2.69%	-1.17%	-	+0.25%	+2.10%	+3.40%
Change	-18.67	-2.85	-1.24	-	+0.27	+2.23	+3.60
Level	Minor	Major	Major	-	Intermediate	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	105.21	105.34	105.49	105.62	105.77	105.90	106.05
Camarilla	105.56	105.59	105.61	105.64	105.67	105.69	105.72
Woodie	105.22	105.35	105.50	105.63	105.78	105.91	106.06
Fibonacci	105.34	105.45	105.51	105.62	105.73	105.79	105.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.05	104.49	104.92	105.36	105.79	106.23	106.66
Camarilla	105.10	105.18	105.26	105.34	105.42	105.50	105.58
Woodie	104.04	104.49	104.91	105.36	105.78	106.23	106.65
Fibonacci	104.49	104.83	105.03	105.36	105.70	105.90	106.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.57	102.78	104.12	105.33	106.67	107.88	109.22
Camarilla	104.75	104.98	105.22	105.45	105.68	105.92	106.15
Woodie	101.63	102.81	104.18	105.36	106.73	107.91	109.28
Fibonacci	102.78	103.76	104.36	105.33	106.31	106.91	107.88

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):	54.11
MACD (12,26,9):	-0.0500
Directional Movement:	-2.80
AROON (14):	85.71
DEMA (21):	105.45
Parabolic SAR (0,02-0,02-0,2):	104.58
Elder Ray (13):	0.32
Super Trend (3,10):	106.29
Zig ZAG (10):	105.88
VORTEX (21):	0.9800
Stochastique (14,3,5):	91.24
TEMA (21):	105.57
Williams %R (14):	-11.37
Chande Momentum Oscillator (20):	1.17
Repulse (5,40,3):	0.3300
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.57

MA7:	105.61
MA20:	105.43
MA50:	105.77
MA100:	106.54
MAexp7:	105.62
MAexp20:	105.57
MAexp50:	105.85
MAexp100:	106.37
Price / MA7:	+0.33%
Price / MA20:	+0.50%
Price / MA50:	+0.18%
Price / MA100:	-0.54%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.10%
Price / MAexp100:	-0.39%

Quotes : 2020-10-07 13:39:40 - Real time data - Forex

News

The last news published on USD/JPY at the time of the generation of this analysis was as follows:

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

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