USD/JPY - 1H - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 135.94 JPY
My targets
133.62 JPY (-0.76)
131.99 JPY (-2.39)
My analysis
The bearish basic trend is very strong on USD/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 135.94 JPY. Crossing the first support at 133.62 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 131.99 JPY as an objective. Crossing it would then enable sellers to target 131.41 JPY. Caution, a return to above the resistance located at 135.94 JPY would be a sign of a possible consolidation phase of the short-term basic trend. 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
5.4
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Additional analysis
Quotes
The USD/JPY rating is 134.38 JPY. The price registered an increase of +0.05% on the session and was traded between 134.13 JPY and 134.77 JPY over the period. The price is currently at +0.19% from its lowest and -0.29% from its highest.134.13
134.77
134.38
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
Here is a more detailed summary of the historical variations registered by USD/JPY:
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. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 125.57 | 131.41 | 133.62 | 134.38 | 135.98 | 138.80 | 142.18 |
Change (%) | -6.56% | -2.21% | -0.57% | - | +1.19% | +3.29% | +5.80% |
Change | -8.81 | -2.97 | -0.76 | - | +1.60 | +4.42 | +7.80 |
Level | Major | Intermediate | Intermediate | - | Minor | Major | 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 | 130.93 | 132.28 | 133.29 | 134.64 | 135.65 | 137.00 | 138.01 |
Camarilla | 133.66 | 133.88 | 134.09 | 134.31 | 134.53 | 134.74 | 134.96 |
Woodie | 130.77 | 132.20 | 133.13 | 134.56 | 135.49 | 136.92 | 137.85 |
Fibonacci | 132.28 | 133.18 | 133.74 | 134.64 | 135.54 | 136.10 | 137.00 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 125.71 | 129.66 | 131.99 | 135.94 | 138.27 | 142.22 | 144.55 |
Camarilla | 132.58 | 133.16 | 133.73 | 134.31 | 134.89 | 135.46 | 136.04 |
Woodie | 124.89 | 129.26 | 131.17 | 135.54 | 137.45 | 141.82 | 143.73 |
Fibonacci | 129.66 | 132.06 | 133.54 | 135.94 | 138.34 | 139.82 | 142.22 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 121.90 | 129.58 | 133.47 | 141.15 | 145.04 | 152.72 | 156.61 |
Camarilla | 134.18 | 135.24 | 136.30 | 137.36 | 138.42 | 139.48 | 140.54 |
Woodie | 120.01 | 128.63 | 131.58 | 140.20 | 143.15 | 151.77 | 154.72 |
Fibonacci | 129.58 | 134.00 | 136.73 | 141.15 | 145.57 | 148.30 | 152.72 |
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): | 43.68 | |
MACD (12,26,9): | -0.2400 | |
Directional Movement: | -5.04 | |
AROON (14): | -71.43 | |
DEMA (21): | 134.20 | |
Parabolic SAR (0,02-0,02-0,2): | 135.84 | |
Elder Ray (13): | -0.10 | |
Super Trend (3,10): | 133.83 | |
Zig ZAG (10): | 134.38 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 18.74 | |
TEMA (21): | 134.35 | |
Williams %R (14): | -67.90 | |
Chande Momentum Oscillator (20): | -0.25 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0300 | |
Courbe Coppock: | 0.63 |
MA7: | 136.83 | |
MA20: | 139.51 | |
MA50: | 143.90 | |
MA100: | 141.07 | |
MAexp7: | 134.38 | |
MAexp20: | 134.55 | |
MAexp50: | 135.26 | |
MAexp100: | 136.31 | |
Price / MA7: | -1.79% | |
Price / MA20: | -3.68% | |
Price / MA50: | -6.62% | |
Price / MA100: | -4.74% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | -0.13% | |
Price / MAexp50: | -0.66% | |
Price / MAexp100: | -1.42% |
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 December 05, 2022 by FXEmpire
- USD/JPY Technical Analysis for December 05, 2022 by FXEmpire
- USD/JPY Forecast December 2, 2022
- USD/JPY Technical Analysis for December 02, 2022 by FXEmpire
- USD/JPY Technical Analysis for December 01, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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