USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - 1H - Technical analysis published on 05/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 153.10 JPY

My targets

151.73 JPY (-1.16)

150.17 JPY (-2.72)

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 153.10 JPY. The sellers' bearish objective is set at 151.73 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 150.17 JPY. In case of crossing, the next objective would be the support located at 146.74 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

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

USD/JPY rating 152.89 JPY. The price registered a decrease of -0.16% on the session and was between 152.75 JPY and 153.45 JPY. This implies that the price is at +0.09% from its lowest and at -0.36% from its highest.

152.75

153.45

152.89

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this USD/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	146.74	150.17	151.64	152.89	153.03	154.70	155.73
Change (%)	-4.02%	-1.78%	-0.82%	-	+0.09%	+1.18%	+1.86%
Change	-6.15	-2.72	-1.25	-	+0.14	+1.81	+2.84
Level	Intermediate	Major	Major	-	Intermediate	Intermediate	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	148.51	150.69	151.92	154.10	155.33	157.51	158.74
Camarilla	152.20	152.52	152.83	153.14	153.45	153.77	154.08
Woodie	148.03	150.45	151.44	153.86	154.85	157.27	158.26
Fibonacci	150.69	152.00	152.80	154.10	155.41	156.21	157.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.73	153.10	155.71	157.08	159.69	161.06	163.67
Camarilla	157.24	157.60	157.97	158.33	158.70	159.06	159.43
Woodie	152.36	153.41	156.34	157.39	160.32	161.37	164.30
Fibonacci	153.10	154.62	155.56	157.08	158.60	159.54	161.06

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	26.82
MACD (12,26,9):	-0.7900
Directional Movement:	-28.26
AROON (14):	-92.86
DEMA (21):	152.85
Parabolic SAR (0,02-0,02-0,2):	153.51
Elder Ray (13):	-0.60
Super Trend (3,10):	154.20
Zig ZAG (10):	152.88
VORTEX (21):	0.6900
Stochastique (14,3,5):	8.43
TEMA (21):	152.67
Williams %R (14):	-91.18
Chande Momentum Oscillator (20):	-1.18
Repulse (5,40,3):	-0.2200
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	2.13

MA7:	155.67
MA20:	154.50
MA50:	151.89
MA100:	149.18
MAexp7:	153.14
MAexp20:	153.90
MAexp50:	155.10
MAexp100:	155.75
Price / MA7:	-1.79%
Price / MA20:	-1.04%
Price / MA50:	+0.66%
Price / MA100:	+2.49%
Price / MAexp7:	-0.16%
Price / MAexp20:	-0.66%
Price / MAexp50:	-1.42%
Price / MAexp100:	-1.84%

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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