USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 15 min. - Technical analysis published on 03/20/2024 (GMT)

Timeframe : 15 min.
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Neutral between 150.37 JPY and 151.73 JPY

My targets

My analysis

The strong short-term decrease on USD/JPY is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 150.37 JPY, you could take advantage of the short-term boom. The first bearish objective would be 150.37 JPY. Then the price could move towards 149.67 JPY. Then 148.31 JPY by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 151.73 JPY could be a sign of a recovery in the basic bullish trend.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

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 OliVymous. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY rating is 151.48 JPY. On the day, this instrument gained +0.30% and was traded between 151.00 JPY and 151.83 JPY over the period. The price is currently at +0.32% from its lowest and -0.23% from its highest.

151.00

151.83

151.48

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of USD/JPY indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could be challenged by the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes

Near horizontal support

Type : Bullish

Timeframe : 15 minutes

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	149.01	150.17	150.96	151.48
Change (%)	-1.63%	-0.86%	-0.34%	-
Change	-2.47	-1.31	-0.52	-
Level	Intermediate	Major	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	147.61	148.31	149.67	150.37	151.73	152.43	153.79
Camarilla	150.46	150.65	150.84	151.03	151.22	151.41	151.60
Woodie	147.94	148.48	150.00	150.54	152.06	152.60	154.12
Fibonacci	148.31	149.10	149.58	150.37	151.16	151.64	152.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	144.58	145.53	147.26	148.21	149.94	150.89	152.62
Camarilla	148.24	148.49	148.73	148.98	149.23	149.47	149.72
Woodie	144.96	145.73	147.64	148.41	150.32	151.09	153.00
Fibonacci	145.53	146.56	147.19	148.21	149.24	149.87	150.89

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	43.52
MACD (12,26,9):	-0.0100
Directional Movement:	-4.56
AROON (14):	-35.71
DEMA (21):	151.61
Parabolic SAR (0,02-0,02-0,2):	151.69
Elder Ray (13):	-0.04
Super Trend (3,10):	151.51
Zig ZAG (10):	151.57
VORTEX (21):	0.9400
Stochastique (14,3,5):	23.49
TEMA (21):	151.56
Williams %R (14):	-78.95
Chande Momentum Oscillator (20):	-0.11
Repulse (5,40,3):	-0.0300
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.16

MA7:	149.15
MA20:	149.42
MA50:	148.74
MA100:	147.68
MAexp7:	151.59
MAexp20:	151.62
MAexp50:	151.55
MAexp100:	151.29
Price / MA7:	+1.56%
Price / MA20:	+1.38%
Price / MA50:	+1.84%
Price / MA100:	+2.57%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.04%
Price / MAexp100:	+0.13%

Quotes : - Real time data - 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:

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

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