USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 03/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 147.59 JPY

My targets

146.44 JPY (-0.38)

144.74 JPY (-2.08)

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 147.59 JPY. The next support located at 146.44 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 144.74 JPY. Below this support, sellers could then target 141.03 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY price is 146.82 JPY. The price is lower by -0.71% since the last closing and was traded between 146.48 JPY and 148.12 JPY over the period. The price is currently at +0.23% from its lowest and -0.88% from its highest.

146.48

148.12

146.82

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 20

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	141.03	144.74	146.44	146.82	147.59	148.28	149.21
Change (%)	-3.94%	-1.42%	-0.26%	-	+0.52%	+0.99%	+1.63%
Change	-5.79	-2.08	-0.38	-	+0.77	+1.46	+2.39
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	145.55	146.57	147.22	148.24	148.89	149.91	150.56
Camarilla	147.41	147.56	147.72	147.87	148.02	148.18	148.33
Woodie	145.37	146.48	147.04	148.15	148.71	149.82	150.38
Fibonacci	146.57	147.21	147.60	148.24	148.88	149.27	149.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.62	148.42	149.26	150.06	150.90	151.70	152.54
Camarilla	149.66	149.81	149.96	150.11	150.26	150.41	150.56
Woodie	147.65	148.43	149.29	150.07	150.93	151.71	152.57
Fibonacci	148.42	149.04	149.43	150.06	150.68	151.07	151.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.01	143.95	147.01	148.95	152.01	153.95	157.01
Camarilla	148.70	149.15	149.61	150.07	150.53	150.99	151.45
Woodie	142.57	144.23	147.57	149.23	152.57	154.23	157.57
Fibonacci	143.95	145.86	147.04	148.95	150.86	152.04	153.95

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):	22.41
MACD (12,26,9):	-0.3400
Directional Movement:	-31.05
AROON (14):	-85.71
DEMA (21):	147.19
Parabolic SAR (0,02-0,02-0,2):	147.98
Elder Ray (13):	-0.46
Super Trend (3,10):	147.88
Zig ZAG (10):	146.79
VORTEX (21):	0.7500
Stochastique (14,3,5):	22.44
TEMA (21):	147.14
Williams %R (14):	-79.27
Chande Momentum Oscillator (20):	-1.14
Repulse (5,40,3):	-0.3800
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.96

MA7:	149.23
MA20:	149.94
MA50:	147.92
MA100:	147.76
MAexp7:	147.23
MAexp20:	147.63
MAexp50:	148.23
MAexp100:	148.87
Price / MA7:	-1.61%
Price / MA20:	-2.08%
Price / MA50:	-0.74%
Price / MA100:	-0.64%
Price / MAexp7:	-0.27%
Price / MAexp20:	-0.54%
Price / MAexp50:	-0.94%
Price / MAexp100:	-1.37%

Quotes : - Real time data - Forex

News

The last news published on USD/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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