USD/JPY
USD JPY
103.78 JPY (+0.26%)
Closed Real time data - Forex
Open: 103.51
Change: +0.27
Volume: 138,625
Low: 103.49
High: 103.89
High / Low range: 0.40
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 11/09/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-11-09 07:47:46
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 104.14 JPY
My targets
103.11 JPY (-0.42)
101.77 JPY (-1.76)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 104.14 JPY remains possible. It is advisable to trade USD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 104.14 JPY. The next bearish objective for sellers is set at 103.11 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 101.77 JPY. In case of crossing, the next objective would be the support located at 87.29 JPY. PS: if there is a bullish break in the resistance located at 104.14 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

USD/JPY rating 103.53 JPY. On the day, this instrument gained +0.19% and was traded between 103.19 JPY and 103.57 JPY over the period. The price is currently at +0.33% from its lowest and -0.04% from its highest.

103.19
103.57
103.53

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 80.40 87.29 103.11 103.53 104.14 104.50 104.73
Change (%) -22.34% -15.69% -0.41% - +0.59% +0.94% +1.16%
Change -23.13 -16.24 -0.42 - +0.61 +0.97 +1.20
Level Minor Minor Major - Minor Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.49102.83103.08103.42103.67104.01104.26
Camarilla103.17103.22103.28103.33103.38103.44103.49
Woodie102.45102.81103.04103.40103.63103.99104.22
Fibonacci102.83103.06103.20103.42103.65103.79104.01


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.37101.77102.55103.95104.73106.13106.91
Camarilla102.73102.93103.13103.33103.53103.73103.93
Woodie100.06101.62102.24103.80104.42105.98106.60
Fibonacci101.77102.60103.12103.95104.78105.30106.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.65102.83103.74104.92105.83107.01107.92
Camarilla104.07104.26104.45104.64104.83105.02105.22
Woodie101.51102.76103.60104.85105.69106.94107.78
Fibonacci102.83103.63104.13104.92105.72106.22107.01

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): 55.65
MACD (12,26,9): -0.0100
Directional Movement: 8.19
AROON (14): 57.15
DEMA (21): 103.37
Parabolic SAR (0,02-0,02-0,2): 103.63
Elder Ray (13): 0.09
Super Trend (3,10): 103.71
Zig ZAG (10): 103.53
VORTEX (21): 1.1000
Stochastique (14,3,5): 91.18
TEMA (21): 103.48
Williams %R (14): -10.53
Chande Momentum Oscillator (20): 0.22
Repulse (5,40,3): 0.1200
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.26
MA7: 104.12
MA20: 104.68
MA50: 105.24
MA100: 105.87
MAexp7: 103.46
MAexp20: 103.42
MAexp50: 103.60
MAexp100: 103.89
Price / MA7: -0.57%
Price / MA20: -1.10%
Price / MA50: -1.62%
Price / MA100: -2.21%
Price / MAexp7: +0.07%
Price / MAexp20: +0.11%
Price / MAexp50: -0.07%
Price / MAexp100: -0.35%

Quotes : 2020-11-09 07:47:45 - 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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