USD/JPY - 1H - Technical analysis published on 02/09/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 104.73 JPY
My targets
104.13 JPY (-0.44)
103.11 JPY (-1.46)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 104.73 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 104.13 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 103.11 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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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
USD/JPY rating 104.57 JPY. The price registered a decrease of -0.62% on the session and was between 104.50 JPY and 105.23 JPY. This implies that the price is at +0.07% from its lowest and at -0.63% from its highest.104.50
105.23
104.57
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 87.29 | 103.11 | 104.13 | 104.57 | 104.61 | 104.73 | 104.93 |
| Change (%) | -16.52% | -1.40% | -0.42% | - | +0.04% | +0.15% | +0.34% |
| Change | -17.28 | -1.46 | -0.44 | - | +0.04 | +0.16 | +0.36 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.50 | 104.83 | 105.02 | 105.35 | 105.54 | 105.87 | 106.06 |
| Camarilla | 105.08 | 105.13 | 105.17 | 105.22 | 105.27 | 105.32 | 105.36 |
| Woodie | 104.44 | 104.80 | 104.96 | 105.32 | 105.48 | 105.84 | 106.00 |
| Fibonacci | 104.83 | 105.03 | 105.15 | 105.35 | 105.55 | 105.67 | 105.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.59 | 104.10 | 104.75 | 105.26 | 105.91 | 106.42 | 107.07 |
| Camarilla | 105.08 | 105.19 | 105.29 | 105.40 | 105.51 | 105.61 | 105.72 |
| Woodie | 103.66 | 104.14 | 104.82 | 105.30 | 105.98 | 106.46 | 107.14 |
| Fibonacci | 104.10 | 104.54 | 104.82 | 105.26 | 105.70 | 105.98 | 106.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.88 | 101.73 | 103.23 | 104.08 | 105.58 | 106.43 | 107.93 |
| Camarilla | 104.07 | 104.29 | 104.51 | 104.72 | 104.94 | 105.15 | 105.37 |
| Woodie | 101.20 | 101.89 | 103.55 | 104.24 | 105.90 | 106.59 | 108.25 |
| Fibonacci | 101.73 | 102.63 | 103.19 | 104.08 | 104.98 | 105.54 | 106.43 |
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): | 20.19 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -28.54 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 104.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.71 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 104.89 | |
| Zig ZAG (10): | 104.55 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 11.27 | |
| TEMA (21): | 104.51 | |
| Williams %R (14): | -87.30 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.94 |
| MA7: | 105.09 | |
| MA20: | 104.31 | |
| MA50: | 103.95 | |
| MA100: | 104.43 | |
| MAexp7: | 104.63 | |
| MAexp20: | 104.83 | |
| MAexp50: | 105.08 | |
| MAexp100: | 105.13 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.53% |
Quotes :
2021-02-09 15:56:56
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Real time data
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Forex
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Technical Analysis for February 10, 2021 by FXEmpire
-
USD/JPY Technical Analysis for February 9, 2021 by FXEmpire
-
USD/JPY Technical Analysis for the Week of February 8, 2020 by FXEmpire
-
USD/JPY Technical Analysis for February 8, 2021 by FXEmpire
-
USD/JPY Technical Analysis for February 5, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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