USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 10/21/2020 (GMT)

Londinia

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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

17%

61%

22%

My opinion

Bearish under 106.23 JPY

My targets

103.11 JPY (-1.48)

101.57 JPY (-3.02)

My analysis

The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 106.23 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 103.11 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 101.57 JPY as an objective. Crossing it would then enable sellers to target 87.29 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

7.5

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

USD/JPY rating 104.59 JPY. On the day, this instrument lost -0.83% with the lowest point at 104.56 JPY and the highest point at 105.49 JPY. The deviation from the price is +0.03% for the low point and -0.85% for the high point.

104.56

105.49

104.59

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

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.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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 support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	75.86	87.29	103.11	104.59	104.73	106.23	108.19
Change (%)	-27.47%	-16.54%	-1.42%	-	+0.13%	+1.57%	+3.44%
Change	-28.73	-17.30	-1.48	-	+0.14	+1.64	+3.60
Level	Minor	Minor	Major	-	Major	Intermediate	Major

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	105.01	105.22	105.34	105.55	105.67	105.88	106.00
Camarilla	105.38	105.41	105.44	105.47	105.50	105.53	105.56
Woodie	104.98	105.20	105.31	105.53	105.64	105.86	105.97
Fibonacci	105.22	105.34	105.42	105.55	105.67	105.75	105.88

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.22	104.63	105.02	105.43	105.82	106.23	106.62
Camarilla	105.20	105.27	105.35	105.42	105.49	105.57	105.64
Woodie	104.22	104.63	105.02	105.43	105.82	106.23	106.62
Fibonacci	104.63	104.93	105.12	105.43	105.73	105.92	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.98
MACD (12,26,9):	-0.1300
Directional Movement:	-18.50
AROON (14):	-64.29
DEMA (21):	105.27
Parabolic SAR (0,02-0,02-0,2):	106.01
Elder Ray (13):	-0.33
Super Trend (3,10):	106.29
Zig ZAG (10):	104.66
VORTEX (21):	1.0200
Stochastique (14,3,5):	31.86
TEMA (21):	105.26
Williams %R (14):	-93.51
Chande Momentum Oscillator (20):	-1.05
Repulse (5,40,3):	-1.0300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.42

MA7:	105.28
MA20:	105.49
MA50:	105.68
MA100:	106.29
MAexp7:	105.24
MAexp20:	105.42
MAexp50:	105.70
MAexp100:	106.19
Price / MA7:	-0.66%
Price / MA20:	-0.85%
Price / MA50:	-1.03%
Price / MA100:	-1.60%
Price / MAexp7:	-0.62%
Price / MAexp20:	-0.79%
Price / MAexp50:	-1.05%
Price / MAexp100:	-1.51%

Quotes : 2020-10-21 13:42:47 - 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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