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)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 154.70 JPY

My targets

151.73 JPY (-1.41)

150.17 JPY (-2.97)

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 154.70 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

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 153.14 JPY. The price registered an increase of +0.00% on the session with the lowest point at 152.75 JPY and the highest point at 153.45 JPY. The deviation from the price is +0.26% for the low point and -0.20% for the high point.

152.75

153.45

153.14

Here is a more detailed summary of the historical variations registered by USD/JPY:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bearish. 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, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	150.17	151.64	153.03	153.14	154.70	155.73	158.01
Change (%)	-1.94%	-0.98%	-0.07%	-	+1.02%	+1.69%	+3.18%
Change	-2.97	-1.50	-0.11	-	+1.56	+2.59	+4.87
Level	Major	Major	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.94
MACD (12,26,9):	-0.6600
Directional Movement:	-21.85
AROON (14):	-64.29
DEMA (21):	152.69
Parabolic SAR (0,02-0,02-0,2):	152.75
Elder Ray (13):	-0.25
Super Trend (3,10):	154.14
Zig ZAG (10):	153.15
VORTEX (21):	0.7500
Stochastique (14,3,5):	23.60
TEMA (21):	152.66
Williams %R (14):	-61.68
Chande Momentum Oscillator (20):	0.10
Repulse (5,40,3):	0.1400
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	1.23

MA7:	155.72
MA20:	154.52
MA50:	151.90
MA100:	149.19
MAexp7:	153.08
MAexp20:	153.62
MAexp50:	154.80
MAexp100:	155.54
Price / MA7:	-1.66%
Price / MA20:	-0.89%
Price / MA50:	+0.82%
Price / MA100:	+2.65%
Price / MAexp7:	+0.04%
Price / MAexp20:	-0.31%
Price / MAexp50:	-1.07%
Price / MAexp100:	-1.54%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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