USD/JPY - 1H - Technical analysis published on 06/07/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 109.59 JPY
My targets
109.35 JPY (-0.13)
109.21 JPY (-0.27)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/JPY, which is a positive signal for sellers. As long as the price remains above 109.59 JPY, a sale could be considered. The first bearish objective is located at 109.35 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 109.21 JPY as an objective. Crossing it would then enable sellers to target 109.03 JPY. If the price were to return above 109.59 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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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 price is 109.48 JPY. The price is lower by -0.02% since the last closing with the lowest point at 109.37 JPY and the highest point at 109.64 JPY. The deviation from the price is +0.10% for the low point and -0.15% for the high point.109.37
109.64
109.48
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 109.03 | 109.21 | 109.35 | 109.48 | 109.59 | 109.80 | 109.95 |
Change (%) | -0.41% | -0.25% | -0.12% | - | +0.10% | +0.29% | +0.43% |
Change | -0.45 | -0.27 | -0.13 | - | +0.11 | +0.32 | +0.47 |
Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
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 | 108.16 | 108.76 | 109.13 | 109.73 | 110.10 | 110.70 | 111.07 |
Camarilla | 109.23 | 109.32 | 109.41 | 109.50 | 109.59 | 109.68 | 109.77 |
Woodie | 108.05 | 108.70 | 109.02 | 109.67 | 109.99 | 110.64 | 110.96 |
Fibonacci | 108.76 | 109.13 | 109.36 | 109.73 | 110.10 | 110.33 | 110.70 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 108.11 | 108.72 | 109.11 | 109.72 | 110.11 | 110.72 | 111.11 |
Camarilla | 109.23 | 109.32 | 109.41 | 109.50 | 109.59 | 109.68 | 109.78 |
Woodie | 108.00 | 108.67 | 109.00 | 109.67 | 110.00 | 110.67 | 111.00 |
Fibonacci | 108.72 | 109.10 | 109.34 | 109.72 | 110.10 | 110.34 | 110.72 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 106.63 | 107.48 | 108.49 | 109.34 | 110.35 | 111.20 | 112.21 |
Camarilla | 108.98 | 109.15 | 109.32 | 109.49 | 109.66 | 109.83 | 110.00 |
Woodie | 106.70 | 107.52 | 108.56 | 109.38 | 110.42 | 111.24 | 112.28 |
Fibonacci | 107.48 | 108.19 | 108.63 | 109.34 | 110.05 | 110.49 | 111.20 |
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): | 38.88 | |
MACD (12,26,9): | -0.1100 | |
Directional Movement: | -25.51 | |
AROON (14): | -28.57 | |
DEMA (21): | 109.47 | |
Parabolic SAR (0,02-0,02-0,2): | 109.63 | |
Elder Ray (13): | -0.05 | |
Super Trend (3,10): | 109.83 | |
Zig ZAG (10): | 109.49 | |
VORTEX (21): | 0.7700 | |
Stochastique (14,3,5): | 41.98 | |
TEMA (21): | 109.43 | |
Williams %R (14): | -55.56 | |
Chande Momentum Oscillator (20): | -0.01 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.07 |
MA7: | 109.67 | |
MA20: | 109.34 | |
MA50: | 109.21 | |
MA100: | 107.84 | |
MAexp7: | 109.52 | |
MAexp20: | 109.62 | |
MAexp50: | 109.74 | |
MAexp100: | 109.73 | |
Price / MA7: | -0.17% | |
Price / MA20: | +0.13% | |
Price / MA50: | +0.25% | |
Price / MA100: | +1.52% | |
Price / MAexp7: | -0.04% | |
Price / MAexp20: | -0.13% | |
Price / MAexp50: | -0.24% | |
Price / MAexp100: | -0.23% |
Quotes :
-
Real time data
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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:
- USD/JPY Technical Analysis for the Week of June 07, 2021 by FXEmpire
- USD/JPY Technical Analysis for June 7, 2021 by FXEmpire
- USD/JPY Technical Analysis for June 4, 2021 by FXEmpire
- USD/JPY Technical Analysis for June 3, 2021 by FXEmpire
- USD/JPY Technical Analysis for June 2, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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