USD/JPY - 1H - Technical analysis published on 02/22/2023 (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:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 135.25 JPY
My targets
133.93 JPY (-0.63)
133.32 JPY (-1.24)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for USD/JPY as long as the price remains well below 135.25 JPY. The next bearish objective for sellers is set at 133.93 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 133.32 JPY. In case of crossing, the next objective would be the support located at 132.59 JPY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 133.93 JPY. With this support, against the trend traders who want to buy USD/JPY on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 134.56 JPY. The price registered a decrease of -0.33% on the session and was between 134.36 JPY and 135.06 JPY. This implies that the price is at +0.15% from its lowest and at -0.37% from its highest.134.36
135.06
134.56
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 132.59 | 133.32 | 133.93 | 134.56 | 135.25 | 138.98 | 146.09 |
| Change (%) | -1.46% | -0.92% | -0.47% | - | +0.51% | +3.28% | +8.57% |
| Change | -1.97 | -1.24 | -0.63 | - | +0.69 | +4.42 | +11.53 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 133.28 | 133.71 | 134.36 | 134.79 | 135.44 | 135.87 | 136.52 |
| Camarilla | 134.70 | 134.80 | 134.90 | 135.00 | 135.10 | 135.20 | 135.30 |
| Woodie | 133.38 | 133.77 | 134.46 | 134.85 | 135.54 | 135.93 | 136.62 |
| Fibonacci | 133.71 | 134.13 | 134.38 | 134.79 | 135.21 | 135.46 | 135.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.82 | 129.47 | 131.81 | 133.46 | 135.80 | 137.45 | 139.79 |
| Camarilla | 133.05 | 133.42 | 133.78 | 134.15 | 134.52 | 134.88 | 135.25 |
| Woodie | 128.17 | 129.64 | 132.16 | 133.63 | 136.15 | 137.62 | 140.14 |
| Fibonacci | 129.47 | 130.99 | 131.94 | 133.46 | 134.98 | 135.93 | 137.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.07 | 123.14 | 126.63 | 130.70 | 134.19 | 138.26 | 141.75 |
| Camarilla | 128.03 | 128.72 | 129.42 | 130.11 | 130.80 | 131.50 | 132.19 |
| Woodie | 118.77 | 123.00 | 126.33 | 130.56 | 133.89 | 138.12 | 141.45 |
| Fibonacci | 123.14 | 126.03 | 127.82 | 130.70 | 133.59 | 135.38 | 138.26 |
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): | 43.46 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -12.73 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 134.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 134.97 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 134.39 | |
| Zig ZAG (10): | 134.56 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 25.70 | |
| TEMA (21): | 134.66 | |
| Williams %R (14): | -67.19 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.33 |
| MA7: | 134.15 | |
| MA20: | 131.91 | |
| MA50: | 131.78 | |
| MA100: | 137.30 | |
| MAexp7: | 134.66 | |
| MAexp20: | 134.74 | |
| MAexp50: | 134.64 | |
| MAexp100: | 134.33 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +2.01% | |
| Price / MA50: | +2.11% | |
| Price / MA100: | -2.00% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.17% |
Quotes :
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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:
-
Technical Analysis: 22/02/2023 - USDJPY extends breakout move, 200-day SMA in focus
-
USD/JPY Forecast February 22, 2023
-
USD/JPY Technical Analysis for February 22, 2023 by FXEmpire
-
USD/JPY Forecast February 21, 2023
-
USD/JPY Technical Analysis for February 21, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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