USD/JPY - 15 min. - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 15 min.
- - 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
17%
61%
22%
My opinion
Bearish under 151.95 JPY
My targets
151.43 JPY (-0.25)
151.17 JPY (-0.51)
My analysis
The strong short-term decline in USD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 151.95 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 151.43 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 151.17 JPY as an objective. Crossing it would then enable sellers to target 150.91 JPY. Be careful, a return to above 151.95 JPY could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2
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Additional analysis
Quotes
The USD/JPY rating is 151.68 JPY. The price registered an increase of +0.09% on the session and was traded between 151.44 JPY and 151.96 JPY over the period. The price is currently at +0.16% from its lowest and -0.18% from its highest.151.44
151.96
151.68
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 15 min. shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
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 : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 151.25 | 151.46 | 151.64 | 151.68 | 151.80 | 151.97 |
| Change (%) | -0.28% | -0.15% | -0.03% | - | +0.08% | +0.19% |
| Change | -0.43 | -0.22 | -0.04 | - | +0.12 | +0.29 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.91 | 151.17 | 151.43 | 151.69 | 151.95 | 152.21 | 152.47 |
| Camarilla | 151.54 | 151.59 | 151.63 | 151.68 | 151.73 | 151.78 | 151.82 |
| Woodie | 150.90 | 151.17 | 151.42 | 151.69 | 151.94 | 152.21 | 152.46 |
| Fibonacci | 151.17 | 151.37 | 151.50 | 151.69 | 151.89 | 152.02 | 152.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.96 | 150.49 | 150.90 | 151.43 | 151.84 | 152.37 | 152.78 |
| Camarilla | 151.04 | 151.13 | 151.21 | 151.30 | 151.39 | 151.47 | 151.56 |
| Woodie | 149.89 | 150.46 | 150.83 | 151.40 | 151.77 | 152.34 | 152.71 |
| Fibonacci | 150.49 | 150.85 | 151.07 | 151.43 | 151.79 | 152.01 | 152.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.37 | 144.43 | 147.86 | 149.92 | 153.35 | 155.41 | 158.84 |
| Camarilla | 149.79 | 150.29 | 150.80 | 151.30 | 151.80 | 152.31 | 152.81 |
| Woodie | 143.07 | 144.77 | 148.56 | 150.26 | 154.05 | 155.75 | 159.54 |
| Fibonacci | 144.43 | 146.52 | 147.82 | 149.92 | 152.01 | 153.31 | 155.41 |
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): | 43.81 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -14.25 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 151.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 151.93 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 151.96 | |
| Zig ZAG (10): | 151.71 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 23.66 | |
| TEMA (21): | 151.77 | |
| Williams %R (14): | -77.42 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 151.49 | |
| MA20: | 150.00 | |
| MA50: | 149.60 | |
| MA100: | 147.75 | |
| MAexp7: | 151.77 | |
| MAexp20: | 151.78 | |
| MAexp50: | 151.73 | |
| MAexp100: | 151.68 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +2.66% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
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USD/JPY Forecast April 4, 2024
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USD/JPY Daily Forecast and Technical Analysis for April 03, 2024, by Chris Lewis for FX Empire
-
USD/JPY Daily Forecast and Technical Analysis for April 02, 2024, by Chris Lewis for FX Empire
-
USD/JPY Forecast April 2, 2024
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USD/JPY Daily Forecast and Technical Analysis for April 01, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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