USD/JPY - 1H - Technical analysis published on 01/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 129.15 JPY
My targets
128.44 JPY (-0.38)
127.22 JPY (-1.60)
My analysis
There is a bearish trend on USD/JPY both at the basic level and in the short term. A sale could be considered, so long as the price remains below 129.15 JPY. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 128.44 JPY. Then the price could move towards 127.22 JPY. Then 125.57 JPY by extension. Be careful, a return to above the resistance 129.15 JPY would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 128.82 JPY. On the day, this instrument gained +0.42% with the lowest point at 127.57 JPY and the highest point at 131.58 JPY. The deviation from the price is +0.98% for the low point and -2.10% for the high point.127.57
131.58
128.82
Here is a more detailed summary of the historical variations registered by USD/JPY:
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 bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly 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.
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 125.57 | 127.22 | 128.44 | 128.82 | 129.15 | 131.41 | 132.88 |
| Change (%) | -2.52% | -1.24% | -0.29% | - | +0.26% | +2.01% | +3.15% |
| Change | -3.25 | -1.60 | -0.38 | - | +0.33 | +2.59 | +4.06 |
| Level | Major | Minor | Intermediate | - | Minor | Major | 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 | 126.62 | 127.31 | 127.79 | 128.48 | 128.96 | 129.65 | 130.13 |
| Camarilla | 127.96 | 128.07 | 128.17 | 128.28 | 128.39 | 128.50 | 128.60 |
| Woodie | 126.53 | 127.26 | 127.70 | 128.43 | 128.87 | 129.60 | 130.04 |
| Fibonacci | 127.31 | 127.75 | 128.03 | 128.48 | 128.92 | 129.20 | 129.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.51 | 123.98 | 125.93 | 129.40 | 131.35 | 134.82 | 136.77 |
| Camarilla | 126.38 | 126.88 | 127.37 | 127.87 | 128.37 | 128.86 | 129.36 |
| Woodie | 119.74 | 123.60 | 125.16 | 129.02 | 130.58 | 134.44 | 136.00 |
| Fibonacci | 123.98 | 126.05 | 127.33 | 129.40 | 131.47 | 132.75 | 134.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.80 | 125.68 | 128.41 | 133.29 | 136.02 | 140.90 | 143.63 |
| Camarilla | 129.04 | 129.74 | 130.43 | 131.13 | 131.83 | 132.53 | 133.22 |
| Woodie | 119.72 | 125.14 | 127.33 | 132.75 | 134.94 | 140.36 | 142.55 |
| Fibonacci | 125.68 | 128.59 | 130.39 | 133.29 | 136.20 | 138.00 | 140.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.35 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -4.84 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 128.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.53 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 129.91 | |
| Zig ZAG (10): | 128.78 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 31.49 | |
| TEMA (21): | 128.67 | |
| Williams %R (14): | -66.94 | |
| Chande Momentum Oscillator (20): | -1.48 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.36 |
| MA7: | 129.49 | |
| MA20: | 131.37 | |
| MA50: | 135.18 | |
| MA100: | 140.27 | |
| MAexp7: | 128.74 | |
| MAexp20: | 128.96 | |
| MAexp50: | 128.93 | |
| MAexp100: | 129.20 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -1.94% | |
| Price / MA50: | -4.70% | |
| Price / MA100: | -8.16% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.29% |
Quotes :
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Real time data
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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:
-
USD/JPY Forecast January 19, 2023
-
USD/JPY Technical Analysis for January 19, 2023 by FXEmpire
-
Technical Analysis: 18/01/2023 - USDJPY remains suppressed by restrictive trendline
-
S&P 500 Refuses to Break Directional Impasse, USDJPY and USDCNH Depress Dollar Impact
-
S&P 500 Breaks Out, BoJ In Focus For USD/JPY | DailyFX Forecast
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