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 10/09/2020 (GMT)

Who voted?
111
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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 basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 108.19 JPY. The first support is located at 104.72 JPY. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by USD/JPY.

Technical indicators are bullish in the very short term 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 105.86 JPY. The price is lower by -0.16% since the last closing and was traded between 105.81 JPY and 106.03 JPY over the period. The price is currently at +0.05% from its lowest and -0.16% from its highest.

105.81

106.03

105.86

Here is a more detailed summary of the historical variations registered by USD/JPY:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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 under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.29	103.11	104.72	105.86	106.23	108.19	109.56
Change (%)	-17.54%	-2.60%	-1.08%	-	+0.35%	+2.20%	+3.50%
Change	-18.57	-2.75	-1.14	-	+0.37	+2.33	+3.70
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	105.74	105.83	105.93	106.02	106.12	106.21	106.31
Camarilla	105.98	106.00	106.01	106.03	106.05	106.07	106.08
Woodie	105.75	105.83	105.94	106.02	106.13	106.21	106.32
Fibonacci	105.83	105.90	105.95	106.02	106.09	106.14	106.21

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):	53.00
MACD (12,26,9):	0.0100
Directional Movement:	-4.26
AROON (14):	92.86
DEMA (21):	105.60
Parabolic SAR (0,02-0,02-0,2):	104.82
Elder Ray (13):	0.26
Super Trend (3,10):	106.29
Zig ZAG (10):	105.85
VORTEX (21):	0.9800
Stochastique (14,3,5):	91.26
TEMA (21):	105.77
Williams %R (14):	-15.79
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	0.0700
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	1.19

MA7:	105.73
MA20:	105.41
MA50:	105.80
MA100:	106.51
MAexp7:	105.77
MAexp20:	105.64
MAexp50:	105.86
MAexp100:	106.36
Price / MA7:	+0.12%
Price / MA20:	+0.43%
Price / MA50:	+0.06%
Price / MA100:	-0.61%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.21%
Price / MAexp50:	-0%
Price / MAexp100:	-0.47%

Quotes : 2020-10-09 13:20:23 - Real time data - Forex

News

The latest news and videos published on USD/JPY at the time of the analysis were as follows:

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

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