USD/JPY - 1H - Technical analysis published on 08/13/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 105.61 JPY
My targets
104.74 JPY (-0.66%)
99.98 JPY (-5.18%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 105.61 JPY remains possible. It is advisable to trade USD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 105.61 JPY. The next bearish objective for sellers is set at 104.74 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 99.98 JPY. In case of crossing, the next objective would be the support located at 87.29 JPY. PS: if there is a bullish break in the resistance located at 105.61 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 105.44 JPY. The price has increased by +0.06% since the last closing with the lowest point at 105.31 JPY and the highest point at 105.58 JPY. The deviation from the price is +0.12% for the low point and -0.13% for the high point.105.31
105.58
105.44
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 87.29 | 99.98 | 104.74 | 105.44 | 105.61 | 106.32 | 107.09 |
| Change (%) | -17.21% | -5.18% | -0.66% | - | +0.16% | +0.83% | +1.56% |
| Change | -18.15 | -5.46 | -0.70 | - | +0.17 | +0.88 | +1.65 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 104.55 | 104.79 | 105.09 | 105.33 | 105.63 | 105.87 | 106.17 |
| Camarilla | 105.23 | 105.28 | 105.33 | 105.38 | 105.43 | 105.48 | 105.53 |
| Woodie | 104.57 | 104.81 | 105.11 | 105.35 | 105.65 | 105.89 | 106.19 |
| Fibonacci | 104.79 | 105.00 | 105.13 | 105.33 | 105.54 | 105.67 | 105.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.12 | 104.19 | 104.94 | 106.01 | 106.76 | 107.83 | 108.58 |
| Camarilla | 105.18 | 105.35 | 105.51 | 105.68 | 105.85 | 106.01 | 106.18 |
| Woodie | 102.95 | 104.11 | 104.77 | 105.93 | 106.59 | 107.75 | 108.41 |
| Fibonacci | 104.19 | 104.89 | 105.32 | 106.01 | 106.71 | 107.14 | 107.83 |
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): | 55.23 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 4.96 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 105.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.11 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 105.52 | |
| Zig ZAG (10): | 105.47 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 71.30 | |
| TEMA (21): | 105.38 | |
| Williams %R (14): | -35.71 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.21 |
| MA7: | 105.77 | |
| MA20: | 107.27 | |
| MA50: | 107.78 | |
| MA100: | 109.23 | |
| MAexp7: | 105.39 | |
| MAexp20: | 105.37 | |
| MAexp50: | 105.51 | |
| MAexp100: | 105.79 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -1.71% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -3.47% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.33% |
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 13, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of August 12, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 12, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 09, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 08, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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