USD/JPY - 1H - Technical analysis published on 11/24/2022 (GMT)
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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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 138.89 JPY
My targets
137.67 JPY (-0.57)
136.48 JPY (-1.76)
My analysis
USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 138.89 JPY. The next support located at 137.67 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 136.48 JPY. Below this support, sellers could then target 131.41 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 138.24 JPY. On the day, this instrument lost -0.73% with the lowest point at 138.05 JPY and the highest point at 139.50 JPY. The deviation from the price is +0.14% for the low point and -0.90% for the high point.138.05
139.50
138.24
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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
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 | 125.57 | 131.41 | 137.67 | 138.24 | 138.89 | 139.66 | 140.91 |
| Change (%) | -9.17% | -4.94% | -0.41% | - | +0.47% | +1.03% | +1.93% |
| Change | -12.67 | -6.83 | -0.57 | - | +0.65 | +1.42 | +2.67 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 135.97 | 137.57 | 138.41 | 140.01 | 140.85 | 142.45 | 143.29 |
| Camarilla | 138.58 | 138.80 | 139.03 | 139.25 | 139.47 | 139.70 | 139.92 |
| Woodie | 135.59 | 137.38 | 138.03 | 139.82 | 140.47 | 142.26 | 142.91 |
| Fibonacci | 137.57 | 138.50 | 139.08 | 140.01 | 140.94 | 141.52 | 142.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.29 | 136.48 | 138.42 | 139.61 | 141.55 | 142.74 | 144.68 |
| Camarilla | 139.50 | 139.79 | 140.07 | 140.36 | 140.65 | 140.93 | 141.22 |
| Woodie | 135.67 | 136.67 | 138.80 | 139.80 | 141.93 | 142.93 | 145.06 |
| Fibonacci | 136.48 | 137.68 | 138.41 | 139.61 | 140.81 | 141.54 | 142.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.78 | 139.65 | 144.20 | 148.07 | 152.62 | 156.49 | 161.04 |
| Camarilla | 146.43 | 147.20 | 147.97 | 148.74 | 149.51 | 150.28 | 151.06 |
| Woodie | 136.11 | 139.82 | 144.53 | 148.24 | 152.95 | 156.66 | 161.37 |
| Fibonacci | 139.65 | 142.87 | 144.86 | 148.07 | 151.29 | 153.28 | 156.49 |
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): | 26.94 | |
| MACD (12,26,9): | -0.5600 | |
| Directional Movement: | -26.93 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 138.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 138.98 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 139.21 | |
| Zig ZAG (10): | 138.20 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 14.72 | |
| TEMA (21): | 138.05 | |
| Williams %R (14): | -86.32 | |
| Chande Momentum Oscillator (20): | -0.66 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.26 |
| MA7: | 140.12 | |
| MA20: | 143.29 | |
| MA50: | 144.81 | |
| MA100: | 141.12 | |
| MAexp7: | 138.39 | |
| MAexp20: | 138.92 | |
| MAexp50: | 139.77 | |
| MAexp100: | 140.24 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -3.52% | |
| Price / MA50: | -4.54% | |
| Price / MA100: | -2.04% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -1.43% |
Quotes :
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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:
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USD/JPY Technical Analysis for November 24, 2022 by FXEmpire
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USD/JPY Technical Analysis for November 23, 2022 by FXEmpire
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Has the US Dollar Bottomed ? | USD/JPY Breakout from Ascending Triangle
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USD/JPY Technical Analysis for November 22, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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