USD/JPY - 1H - Technical analysis published on 08/07/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 106.24 JPY
My targets
105.52 JPY (-0.46%)
104.74 JPY (-1.20%)
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 106.24 JPY. The next bearish objective for sellers is set at 105.52 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 104.74 JPY. If there is any crossing, the next objective would be the support located at 99.98 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 106.01 JPY. The price is lower by -0.29% since the last closing and was traded between 105.49 JPY and 106.38 JPY over the period. The price is currently at +0.49% from its lowest and -0.35% from its highest.105.49
106.38
106.01
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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
Technical analysis of USD/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 99.98 | 104.74 | 105.52 | 106.01 | 106.24 | 106.62 | 107.43 |
| Change (%) | -5.69% | -1.20% | -0.46% | - | +0.22% | +0.58% | +1.34% |
| Change | -6.03 | -1.27 | -0.49 | - | +0.23 | +0.61 | +1.42 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Major |
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 | 104.04 | 104.81 | 105.56 | 106.33 | 107.08 | 107.85 | 108.60 |
| Camarilla | 105.90 | 106.04 | 106.18 | 106.32 | 106.46 | 106.60 | 106.74 |
| Woodie | 104.04 | 104.81 | 105.56 | 106.33 | 107.08 | 107.85 | 108.60 |
| Fibonacci | 104.81 | 105.39 | 105.75 | 106.33 | 106.91 | 107.27 | 107.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.80 | 104.65 | 105.62 | 107.47 | 108.44 | 110.29 | 111.26 |
| Camarilla | 105.82 | 106.07 | 106.33 | 106.59 | 106.85 | 107.11 | 107.37 |
| Woodie | 102.36 | 104.43 | 105.18 | 107.25 | 108.00 | 110.07 | 110.82 |
| Fibonacci | 104.65 | 105.73 | 106.39 | 107.47 | 108.55 | 109.21 | 110.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.90 | 106.55 | 107.69 | 108.34 | 109.48 | 110.13 | 111.27 |
| Camarilla | 108.33 | 108.49 | 108.66 | 108.82 | 108.98 | 109.15 | 109.31 |
| Woodie | 106.14 | 106.67 | 107.93 | 108.46 | 109.72 | 110.25 | 111.51 |
| Fibonacci | 106.55 | 107.24 | 107.66 | 108.34 | 109.03 | 109.45 | 110.13 |
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): | 48.79 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -7.46 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 105.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.49 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 106.36 | |
| Zig ZAG (10): | 106.00 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 55.02 | |
| TEMA (21): | 105.82 | |
| Williams %R (14): | -37.35 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.65 |
| MA7: | 107.05 | |
| MA20: | 107.78 | |
| MA50: | 108.01 | |
| MA100: | 109.42 | |
| MAexp7: | 105.91 | |
| MAexp20: | 106.04 | |
| MAexp50: | 106.23 | |
| MAexp100: | 106.61 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | -3.12% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.55% |
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis for August 08, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 07, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 06, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of August 05, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 05, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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