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 07/04/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 161.75 JPY

My targets

160.27 JPY (-1.04)

159.79 JPY (-1.52)

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 161.75 JPY. The sellers' bearish objective is set at 160.27 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 159.79 JPY. In case of crossing, the next objective would be the support located at 159.19 JPY.

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

Force

4.1

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

Additional analysis

Quotes

The USD/JPY price is 161.31 JPY. On the day, this instrument lost -0.17% with the lowest point at 161.14 JPY and the highest point at 161.61 JPY. The deviation from the price is +0.11% for the low point and -0.19% for the high point.

161.14

161.61

161.31

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

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

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 bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	159.79	160.27	161.28	161.31	161.75
Change (%)	-0.94%	-0.64%	-0.02%	-	+0.27%
Change	-1.52	-1.04	-0.03	-	+0.44
Level	Minor	Intermediate	Intermediate	-	Intermediate

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	159.72	160.24	160.92	161.44	162.12	162.64	163.32
Camarilla	161.26	161.37	161.48	161.59	161.70	161.81	161.92
Woodie	159.79	160.28	160.99	161.48	162.19	162.68	163.39
Fibonacci	160.24	160.70	160.99	161.44	161.90	162.19	162.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	156.78	157.77	159.31	160.30	161.84	162.83	164.37
Camarilla	160.16	160.40	160.63	160.86	161.09	161.32	161.56
Woodie	157.07	157.91	159.60	160.44	162.13	162.97	164.66
Fibonacci	157.77	158.73	159.33	160.30	161.26	161.86	162.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	149.78	152.17	156.51	158.90	163.24	165.63	169.97
Camarilla	159.01	159.63	160.24	160.86	161.48	162.09	162.71
Woodie	150.77	152.66	157.50	159.39	164.23	166.12	170.96
Fibonacci	152.17	154.74	156.33	158.90	161.47	163.06	165.63

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):	38.16
MACD (12,26,9):	-0.0800
Directional Movement:	-22.18
AROON (14):	-42.86
DEMA (21):	161.38
Parabolic SAR (0,02-0,02-0,2):	161.02
Elder Ray (13):	-0.14
Super Trend (3,10):	161.79
Zig ZAG (10):	161.28
VORTEX (21):	0.8700
Stochastique (14,3,5):	20.67
TEMA (21):	161.29
Williams %R (14):	-73.77
Chande Momentum Oscillator (20):	-0.27
Repulse (5,40,3):	-0.0700
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.29

MA7:	161.15
MA20:	159.10
MA50:	157.24
MA100:	154.24
MAexp7:	161.35
MAexp20:	161.47
MAexp50:	161.49
MAexp100:	161.29
Price / MA7:	+0.10%
Price / MA20:	+1.39%
Price / MA50:	+2.59%
Price / MA100:	+4.58%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.11%
Price / MAexp100:	+0.01%

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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