USD/JPY - 1H - Technical analysis published on 01/21/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 103.85 JPY
My targets
103.44 JPY (-0.12)
103.11 JPY (-0.45)
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 103.85 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 103.85 JPY. The next bearish objective for sellers is set at 103.44 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.11 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 103.85 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 103.56 JPY. On the day, this instrument gained +0.01% and was between 103.32 JPY and 103.67 JPY. This implies that the price is at +0.23% from its lowest and at -0.11% from its highest.103.32
103.67
103.56
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 103.11 | 103.44 | 103.52 | 103.56 | 103.63 | 103.85 | 104.09 |
Change (%) | -0.43% | -0.12% | -0.04% | - | +0.07% | +0.28% | +0.51% |
Change | -0.45 | -0.12 | -0.04 | - | +0.07 | +0.29 | +0.53 |
Level | Major | 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 |
---|---|---|---|---|---|---|---|
Standard | 102.86 | 103.15 | 103.35 | 103.64 | 103.84 | 104.13 | 104.33 |
Camarilla | 103.42 | 103.46 | 103.51 | 103.55 | 103.60 | 103.64 | 103.69 |
Woodie | 102.82 | 103.13 | 103.31 | 103.62 | 103.80 | 104.11 | 104.29 |
Fibonacci | 103.15 | 103.34 | 103.45 | 103.64 | 103.83 | 103.94 | 104.13 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 102.59 | 103.05 | 103.47 | 103.93 | 104.35 | 104.81 | 105.23 |
Camarilla | 103.64 | 103.72 | 103.80 | 103.88 | 103.96 | 104.04 | 104.12 |
Woodie | 102.56 | 103.04 | 103.44 | 103.92 | 104.32 | 104.80 | 105.20 |
Fibonacci | 103.05 | 103.39 | 103.60 | 103.93 | 104.27 | 104.48 | 104.81 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 100.65 | 101.76 | 102.53 | 103.64 | 104.41 | 105.52 | 106.29 |
Camarilla | 102.78 | 102.96 | 103.13 | 103.30 | 103.47 | 103.65 | 103.82 |
Woodie | 100.48 | 101.68 | 102.36 | 103.56 | 104.24 | 105.44 | 106.12 |
Fibonacci | 101.76 | 102.48 | 102.92 | 103.64 | 104.36 | 104.80 | 105.52 |
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): | 52.59 | |
MACD (12,26,9): | -0.0300 | |
Directional Movement: | -5.31 | |
AROON (14): | 14.28 | |
DEMA (21): | 103.47 | |
Parabolic SAR (0,02-0,02-0,2): | 103.35 | |
Elder Ray (13): | 0.04 | |
Super Trend (3,10): | 103.65 | |
Zig ZAG (10): | 103.57 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 72.55 | |
TEMA (21): | 103.52 | |
Williams %R (14): | -29.41 | |
Chande Momentum Oscillator (20): | 0.19 | |
Repulse (5,40,3): | 0.0600 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.01 |
MA7: | 103.75 | |
MA20: | 103.58 | |
MA50: | 103.90 | |
MA100: | 104.58 | |
MAexp7: | 103.53 | |
MAexp20: | 103.53 | |
MAexp50: | 103.62 | |
MAexp100: | 103.70 | |
Price / MA7: | -0.18% | |
Price / MA20: | -0.02% | |
Price / MA50: | -0.33% | |
Price / MA100: | -0.98% | |
Price / MAexp7: | +0.03% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | -0.06% | |
Price / MAexp100: | -0.14% |
Quotes :
2021-01-21 17:06:34
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Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
- USD/JPY Technical Analysis for January 22, 2021 by FXEmpire
- USD/JPY Price Forecast - US Dollar Pulls Back from 104 JPY Level.
- USD/JPY Technical Analysis for January 20, 2021 by FXEmpire
- USD/JPY Technical Analysis for January 19, 2021 by FXEmpire
- USD/JPY Technical Analysis for the Week of January 18, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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