USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

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

22%

56%

22%

My opinion

Bearish under 153.03 JPY

My targets

151.64 JPY (-0.86)

150.17 JPY (-2.33)

My analysis

USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 153.03 JPY. The next support located at 151.64 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 150.17 JPY. Below this support, sellers could then target 146.74 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

7.1

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

Additional analysis

Quotes

The USD/JPY rating is 152.50 JPY. On the day, this instrument lost -0.42% with the lowest point at 151.86 JPY and the highest point at 153.45 JPY. The deviation from the price is +0.42% for the low point and -0.62% for the high point.

151.86

153.45

152.50

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

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 market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	146.74	150.17	151.64	152.50	153.03	154.70	155.73
Change (%)	-3.78%	-1.53%	-0.56%	-	+0.35%	+1.44%	+2.12%
Change	-5.76	-2.33	-0.86	-	+0.53	+2.20	+3.23
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	27.11
MACD (12,26,9):	-0.5500
Directional Movement:	-33.18
AROON (14):	-85.72
DEMA (21):	152.46
Parabolic SAR (0,02-0,02-0,2):	153.31
Elder Ray (13):	-0.73
Super Trend (3,10):	153.40
Zig ZAG (10):	152.24
VORTEX (21):	0.8300
Stochastique (14,3,5):	30.19
TEMA (21):	152.54
Williams %R (14):	-74.21
Chande Momentum Oscillator (20):	-0.55
Repulse (5,40,3):	-0.3700
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.57

MA7:	155.61
MA20:	154.47
MA50:	151.88
MA100:	149.18
MAexp7:	152.78
MAexp20:	153.23
MAexp50:	154.33
MAexp100:	155.20
Price / MA7:	-2.00%
Price / MA20:	-1.28%
Price / MA50:	+0.41%
Price / MA100:	+2.23%
Price / MAexp7:	-0.18%
Price / MAexp20:	-0.48%
Price / MAexp50:	-1.19%
Price / MAexp100:	-1.74%

Quotes : - Real time data - Forex

News

The last news published on USD/JPY at the time of the generation of this analysis was as follows:

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

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