USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 11/11/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

67%

11%

22%

My opinion

Bullish above 104.73 JPY

My targets

106.23 JPY (+0.73)

107.98 JPY (+2.48)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for USD/JPY as long as the price remains well above 104.73 JPY. The buyers” bullish objective is set at 106.23 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 107.98 JPY. If there is any crossing, the next objective would be the resistance located at 109.56 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 106.23 JPY. On this resistance, against the trend traders who would like to go short on USD/JPY with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.1

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 price is 105.50 JPY. The price has increased by +0.23% since the last closing with the lowest point at 105.00 JPY and the highest point at 105.56 JPY. The deviation from the price is +0.48% for the low point and -0.06% for the high point.

105.00

105.56

105.50

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 Daily chart of USD/JPY indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.29	103.11	104.73	105.50	106.23	107.98	109.56
Change (%)	-17.26%	-2.27%	-0.73%	-	+0.69%	+2.35%	+3.85%
Change	-18.21	-2.39	-0.77	-	+0.73	+2.48	+4.06
Level	Minor	Major	Major	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.22	104.52	104.89	105.19	105.56	105.86	106.23
Camarilla	105.08	105.14	105.20	105.26	105.32	105.38	105.44
Woodie	104.26	104.54	104.93	105.21	105.60	105.88	106.27
Fibonacci	104.52	104.78	104.93	105.19	105.45	105.60	105.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.37	101.77	102.55	103.95	104.73	106.13	106.91
Camarilla	102.73	102.93	103.13	103.33	103.53	103.73	103.93
Woodie	100.06	101.62	102.24	103.80	104.42	105.98	106.60
Fibonacci	101.77	102.60	103.12	103.95	104.78	105.30	106.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.65	102.83	103.74	104.92	105.83	107.01	107.92
Camarilla	104.07	104.26	104.45	104.64	104.83	105.02	105.22
Woodie	101.51	102.76	103.60	104.85	105.69	106.94	107.78
Fibonacci	102.83	103.63	104.13	104.92	105.72	106.22	107.01

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):	56.93
MACD (12,26,9):	-0.1500
Directional Movement:	8.39
AROON (14):	7.14
DEMA (21):	104.57
Parabolic SAR (0,02-0,02-0,2):	103.19
Elder Ray (13):	0.54
Super Trend (3,10):	103.01
Zig ZAG (10):	105.48
VORTEX (21):	0.9800
Stochastique (14,3,5):	85.75
TEMA (21):	104.62
Williams %R (14):	-6.05
Chande Momentum Oscillator (20):	0.68
Repulse (5,40,3):	1.1300
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.73

MA7:	104.55
MA20:	104.77
MA50:	105.25
MA100:	105.86
MAexp7:	104.82
MAexp20:	104.82
MAexp50:	105.21
MAexp100:	105.78
Price / MA7:	+0.91%
Price / MA20:	+0.70%
Price / MA50:	+0.24%
Price / MA100:	-0.34%
Price / MAexp7:	+0.64%
Price / MAexp20:	+0.64%
Price / MAexp50:	+0.27%
Price / MAexp100:	-0.27%

Quotes : 2020-11-11 14:39:11 - 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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