USD/JPY

- JPY (-)

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - Daily - Technical analysis published on 06/17/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 109.16 JPY

My targets

108.17 JPY (-0.38%)

107.43 JPY (-1.06%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/JPY as long as the price remains well below 109.16 JPY. The sellers” bearish objective is set at 108.17 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 107.43 JPY. In case of crossing, the next objective would be the support located at 104.74 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Additional analysis

Quotes

USD/JPY rating 108.58 JPY. The price registered an increase of +0.01% on the session with the lowest point at 108.40 JPY and the highest point at 108.72 JPY. The deviation from the price is +0.17% for the low point and -0.13% for the high point.

108.40

108.72

108.58

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:

Technical

Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 92.86% 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	104.74	107.43	108.17	108.58	109.16	110.47	111.92
Change (%)	-3.54%	-1.06%	-0.38%	-	+0.53%	+1.74%	+3.08%
Change	-3.84	-1.15	-0.41	-	+0.58	+1.89	+3.34
Level	Major	Major	Major	-	Minor	Intermediate	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	107.86	108.01	108.29	108.44	108.72	108.87	109.15
Camarilla	108.45	108.49	108.53	108.57	108.61	108.65	108.69
Woodie	107.93	108.04	108.36	108.47	108.79	108.90	109.21
Fibonacci	108.01	108.17	108.28	108.44	108.60	108.71	108.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.58	107.87	108.22	108.51	108.86	109.15	109.50
Camarilla	108.39	108.45	108.51	108.57	108.63	108.69	108.75
Woodie	107.61	107.89	108.25	108.53	108.89	109.17	109.53
Fibonacci	107.87	108.11	108.27	108.51	108.75	108.91	109.15

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):	40.96
MACD (12,26,9):	-0.4900
Directional Movement:	-10.58
AROON (14):	-28.57
DEMA (21):	108.19
Parabolic SAR (0,02-0,02-0,2):	107.81
Elder Ray (13):	-0.07
Super Trend (3,10):	109.90
Zig ZAG (10):	108.58
VORTEX (21):	0.8900
Stochastique (14,3,5):	32.08
TEMA (21):	108.13
Williams %R (14):	-63.68
Chande Momentum Oscillator (20):	-0.77
Repulse (5,40,3):	0.2200
ROCnROLL:	2
TRIX (15,9):	-0.0800
Courbe Coppock:	1.95

MA7:	108.42
MA20:	108.89
MA50:	110.17
MA100:	110.48
MAexp7:	108.49
MAexp20:	108.88
MAexp50:	109.69
MAexp100:	110.25
Price / MA7:	+0.15%
Price / MA20:	-0.28%
Price / MA50:	-1.44%
Price / MA100:	-1.72%
Price / MAexp7:	+0.08%
Price / MAexp20:	-0.28%
Price / MAexp50:	-1.01%
Price / MAexp100:	-1.51%

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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