USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

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: Slightly bullish

Technical indicators

11%

78%

11%

My opinion

Bearish under 156.78 JPY

My targets

154.84 JPY (-1.27)

154.00 JPY (-2.11)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for USD/JPY as long as the price remains well below 156.78 JPY. The next bearish objective for sellers is set at 154.84 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 154.00 JPY. In case of crossing, the next objective would be the support located at 152.77 JPY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 154.84 JPY. With this support, against the trend traders who want to buy USD/JPY on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

2.5

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

Additional analysis

Quotes

The USD/JPY rating is 156.11 JPY. On the day, this instrument lost -0.26% and was traded between 155.96 JPY and 156.56 JPY over the period. The price is currently at +0.10% from its lowest and -0.29% from its highest.

155.96

156.56

156.11

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

A technical analysis in 1H of this USD/JPY chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

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 detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	154.00	154.70	155.96	156.11	156.78	158.33
Change (%)	-1.35%	-0.90%	-0.10%	-	+0.43%	+1.42%
Change	-2.11	-1.41	-0.15	-	+0.67	+2.22
Level	Intermediate	Minor	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	155.69	155.96	156.24	156.51	156.79	157.06	157.34
Camarilla	156.37	156.42	156.47	156.52	156.57	156.62	156.67
Woodie	155.70	155.96	156.25	156.51	156.80	157.06	157.35
Fibonacci	155.96	156.17	156.30	156.51	156.72	156.85	157.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.57	151.68	153.73	154.84	156.89	158.00	160.05
Camarilla	154.90	155.19	155.48	155.77	156.06	156.35	156.64
Woodie	151.03	151.92	154.19	155.08	157.35	158.24	160.51
Fibonacci	151.68	152.89	153.64	154.84	156.05	156.80	158.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.88	146.84	152.30	156.26	161.72	165.68	171.14
Camarilla	155.16	156.02	156.89	157.75	158.61	159.48	160.34
Woodie	143.62	147.22	153.04	156.64	162.46	166.06	171.88
Fibonacci	146.84	150.44	152.67	156.26	159.86	162.09	165.68

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.59
MACD (12,26,9):	-0.0200
Directional Movement:	-18.58
AROON (14):	-50.00
DEMA (21):	156.35
Parabolic SAR (0,02-0,02-0,2):	156.60
Elder Ray (13):	-0.21
Super Trend (3,10):	156.57
Zig ZAG (10):	156.06
VORTEX (21):	0.8800
Stochastique (14,3,5):	19.79
TEMA (21):	156.26
Williams %R (14):	-81.67
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	-0.1900
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.21

MA7:	155.74
MA20:	155.42
MA50:	152.75
MA100:	150.21
MAexp7:	156.28
MAexp20:	156.35
MAexp50:	156.25
MAexp100:	156.01
Price / MA7:	+0.24%
Price / MA20:	+0.44%
Price / MA50:	+2.20%
Price / MA100:	+3.93%
Price / MAexp7:	-0.11%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.09%
Price / MAexp100:	+0.06%

Quotes : - Real time data - Forex

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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