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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 10/12/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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 105.61 JPY
My targets
105.28 JPY (-0.20)
104.94 JPY (-0.54)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 105.61 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 105.28 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 104.94 JPY as an objective. Crossing it would then enable sellers to target 104.72 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY price is 105.48 JPY. On the day, this instrument lost -0.12% and was between 105.43 JPY and 105.83 JPY. This implies that the price is at +0.05% from its lowest and at -0.33% from its highest.

105.43
105.83
105.48

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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

Central Records

Near a new LOW record (1st january)

Type : Bearish

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 89.29% 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 positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 104.94 105.28 105.40 105.48 105.61 105.71 105.81
Change (%) -0.51% -0.19% -0.08% - +0.12% +0.22% +0.31%
Change -0.54 -0.20 -0.08 - +0.13 +0.23 +0.33
Level Minor Minor Major - Minor Minor 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
Standard105.00105.29105.45105.74105.90106.19106.35
Camarilla105.49105.53105.57105.61105.65105.69105.73
Woodie104.94105.26105.39105.71105.84106.16106.29
Fibonacci105.29105.46105.57105.74105.91106.02106.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.39104.84105.22105.67106.05106.50106.88
Camarilla105.38105.46105.53105.61105.69105.76105.84
Woodie104.37104.82105.20105.65106.03106.48106.86
Fibonacci104.84105.15105.35105.67105.98106.18106.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.57102.78104.12105.33106.67107.88109.22
Camarilla104.75104.98105.22105.45105.68105.92106.15
Woodie101.63102.81104.18105.36106.73107.91109.28
Fibonacci102.78103.76104.36105.33106.31106.91107.88

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): 30.04
MACD (12,26,9): -0.1000
Directional Movement: -16.99
AROON (14): -64.29
DEMA (21): 105.51
Parabolic SAR (0,02-0,02-0,2): 105.70
Elder Ray (13): -0.10
Super Trend (3,10): 105.73
Zig ZAG (10): 105.48
VORTEX (21): 0.7600
Stochastique (14,3,5): 13.33
TEMA (21): 105.47
Williams %R (14): -85.00
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): -0.0700
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.33
MA7: 105.68
MA20: 105.38
MA50: 105.79
MA100: 106.48
MAexp7: 105.53
MAexp20: 105.63
MAexp50: 105.75
MAexp100: 105.77
Price / MA7: -0.19%
Price / MA20: +0.09%
Price / MA50: -0.29%
Price / MA100: -0.94%
Price / MAexp7: -0.05%
Price / MAexp20: -0.14%
Price / MAexp50: -0.26%
Price / MAexp100: -0.27%

Quotes : 2020-10-12 06:43:48 - 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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Londinia
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