USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 05/15/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 155.96 JPY
My targets
154.70 JPY (-0.35)
154.00 JPY (-1.05)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 155.96 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 154.70 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 154.00 JPY as an objective. Crossing it would then enable sellers to target 152.77 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
7

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:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 155.05 JPY. On the day, this instrument lost -0.94% and was traded between 154.74 JPY and 156.56 JPY over the period. The price is currently at +0.20% from its lowest and -0.96% from its highest.

154.74
156.56
155.05

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/JPY chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 152.77 154.00 154.70 155.05 155.96 156.78 158.33
Change (%) -1.47% -0.68% -0.23% - +0.59% +1.12% +2.12%
Change -2.28 -1.05 -0.35 - +0.91 +1.73 +3.28
Level Minor Intermediate Minor - Major Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.69155.96156.24156.51156.79157.06157.34
Camarilla156.37156.42156.47156.52156.57156.62156.67
Woodie155.70155.96156.25156.51156.80157.06157.35
Fibonacci155.96156.17156.30156.51156.72156.85157.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard150.57151.68153.73154.84156.89158.00160.05
Camarilla154.90155.19155.48155.77156.06156.35156.64
Woodie151.03151.92154.19155.08157.35158.24160.51
Fibonacci151.68152.89153.64154.84156.05156.80158.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard142.88146.84152.30156.26161.72165.68171.14
Camarilla155.16156.02156.89157.75158.61159.48160.34
Woodie143.62147.22153.04156.64162.46166.06171.88
Fibonacci146.84150.44152.67156.26159.86162.09165.68

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): 30.99
MACD (12,26,9): -0.2800
Directional Movement: -37.21
AROON (14): -92.86
DEMA (21): 155.56
Parabolic SAR (0,02-0,02-0,2): 155.87
Elder Ray (13): -0.66
Super Trend (3,10): 156.03
Zig ZAG (10): 155.06
VORTEX (21): 0.7100
Stochastique (14,3,5): 35.32
TEMA (21): 155.31
Williams %R (14): -80.46
Chande Momentum Oscillator (20): -1.31
Repulse (5,40,3): -0.2200
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 1.20
MA7: 155.59
MA20: 155.36
MA50: 152.73
MA100: 150.20
MAexp7: 155.47
MAexp20: 155.86
MAexp50: 156.04
MAexp100: 155.92
Price / MA7: -0.35%
Price / MA20: -0.20%
Price / MA50: +1.52%
Price / MA100: +3.23%
Price / MAexp7: -0.27%
Price / MAexp20: -0.52%
Price / MAexp50: -0.63%
Price / MAexp100: -0.56%

Quotes : - Real time data - Forex

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

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