USD/JPY - 1H - Technical analysis published on 02/28/2023 (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:
Neutral
Technical indicators
33%
39%
28%
My opinion
Bearish under 136.45 JPY
My targets
135.92 JPY (-0.24)
135.23 JPY (-0.93)
My analysis
The strong short-term decrease of USD/JPY should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 136.45 JPY, a sale could be considered. The first bearish objective is located at 135.92 JPY. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 135.23 JPY. If there is any crossing, the next objective would be support 134.06 JPY. Caution, if there is a return to above 136.45 JPY, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.3
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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 136.16 JPY. The price is lower by -0.13% since the last closing and was traded between 135.74 JPY and 136.92 JPY over the period. The price is currently at +0.31% from its lowest and -0.56% from its highest.135.74
136.92
136.16
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/JPY:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 134.06 | 135.23 | 135.92 | 136.16 | 136.45 | 138.98 | 142.22 |
| Change (%) | -1.54% | -0.68% | -0.18% | - | +0.21% | +2.07% | +4.45% |
| Change | -2.10 | -0.93 | -0.24 | - | +0.29 | +2.82 | +6.06 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 135.34 | 135.63 | 135.98 | 136.27 | 136.62 | 136.91 | 137.26 |
| Camarilla | 136.15 | 136.21 | 136.27 | 136.33 | 136.39 | 136.45 | 136.51 |
| Woodie | 135.37 | 135.65 | 136.01 | 136.29 | 136.65 | 136.93 | 137.29 |
| Fibonacci | 135.63 | 135.87 | 136.03 | 136.27 | 136.51 | 136.67 | 136.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.15 | 133.03 | 134.75 | 135.63 | 137.35 | 138.23 | 139.95 |
| Camarilla | 135.75 | 135.98 | 136.22 | 136.46 | 136.70 | 136.94 | 137.18 |
| Woodie | 132.56 | 133.24 | 135.16 | 135.84 | 137.76 | 138.44 | 140.36 |
| Fibonacci | 133.03 | 134.03 | 134.64 | 135.63 | 136.63 | 137.24 | 138.23 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.02 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -8.26 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 136.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 136.69 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 136.65 | |
| Zig ZAG (10): | 136.10 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 27.40 | |
| TEMA (21): | 136.14 | |
| Williams %R (14): | -68.64 | |
| Chande Momentum Oscillator (20): | -0.59 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.31 |
| MA7: | 135.40 | |
| MA20: | 133.09 | |
| MA50: | 131.79 | |
| MA100: | 136.92 | |
| MAexp7: | 136.17 | |
| MAexp20: | 136.30 | |
| MAexp50: | 136.17 | |
| MAexp100: | 135.79 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +2.31% | |
| Price / MA50: | +3.32% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.27% |
Quotes :
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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:
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USD/JPY Technical Analysis for March 01, 2023 by FXEmpire
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USD/JPY Technical Analysis for February 28, 2023 by FXEmpire
-
USD/JPY Technical Analysis for the Week of February 27, 2023 by FXEmpire
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USD/JPY Technical Analysis for February 27, 2023 by FXEmpire
-
USD/JPY Technical Analysis for February 24, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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