USD/JPY - 1H - Technical analysis published on 03/01/2023 (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:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 136.55 JPY
My targets
135.23 JPY (-0.71)
134.36 JPY (-1.58)
My analysis
The current short-term bearish acceleration registered on USD/JPY should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 136.55 JPY. Short-term sellers will use the support located at 135.23 JPY as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 134.36 JPY. Crossing this support would then open the door for sellers to target 134.06 JPY. Caution, if there is a return to below 136.55 JPY, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3
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Additional analysis
Quotes
The USD/JPY rating is 135.94 JPY. On the day, this instrument lost -0.29% with the lowest point at 135.89 JPY and the highest point at 136.47 JPY. The deviation from the price is +0.04% for the low point and -0.39% for the high point.135.89
136.47
135.94
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 134.36 | 135.23 | 135.92 | 135.94 | 136.55 | 136.92 | 138.98 |
| Change (%) | -1.16% | -0.52% | -0.01% | - | +0.45% | +0.72% | +2.24% |
| Change | -1.58 | -0.71 | -0.02 | - | +0.61 | +0.98 | +3.04 |
| Level | Minor | Minor | Minor | - | Intermediate | 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 | 134.57 | 135.15 | 135.75 | 136.33 | 136.93 | 137.51 | 138.11 |
| Camarilla | 136.02 | 136.12 | 136.23 | 136.34 | 136.45 | 136.56 | 136.67 |
| Woodie | 134.57 | 135.16 | 135.75 | 136.34 | 136.93 | 137.52 | 138.11 |
| Fibonacci | 135.15 | 135.60 | 135.88 | 136.33 | 136.78 | 137.06 | 137.51 |
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 | 121.80 | 124.94 | 130.64 | 133.78 | 139.48 | 142.62 | 148.32 |
| Camarilla | 133.91 | 134.72 | 135.53 | 136.34 | 137.15 | 137.96 | 138.77 |
| Woodie | 123.08 | 125.58 | 131.92 | 134.42 | 140.76 | 143.26 | 149.60 |
| Fibonacci | 124.94 | 128.32 | 130.40 | 133.78 | 137.16 | 139.24 | 142.62 |
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): | 40.56 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -12.47 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 136.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.87 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 136.61 | |
| Zig ZAG (10): | 136.03 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 40.72 | |
| TEMA (21): | 136.16 | |
| Williams %R (14): | -72.41 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.03 |
| MA7: | 135.66 | |
| MA20: | 133.47 | |
| MA50: | 131.87 | |
| MA100: | 136.81 | |
| MAexp7: | 136.16 | |
| MAexp20: | 136.26 | |
| MAexp50: | 136.20 | |
| MAexp100: | 135.90 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +3.09% | |
| Price / MA100: | -0.64% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | +0.02% |
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:
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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
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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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