USD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 07/24/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 155.12 JPY

My targets

150.17 JPY (-3.86)

146.75 JPY (-7.28)

My analysis

The strong short-term decline of USD/JPY reinforces the current slightly bearish trend. As long as the price remains below 155.12 JPY, you could take advantage of this bearish acceleration. The first bearish objective is located at 150.17 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 146.75 JPY as an objective. Crossing it would then enable sellers to target 141.03 JPY. A return to above 155.12 JPY would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

4.5

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY rating is 154.03 JPY. The price is lower by -1.11% since the last closing and was between 153.11 JPY and 155.99 JPY. This implies that the price is at +0.60% from its lowest and at -1.26% from its highest.

153.11

155.99

154.03

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

Near a 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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	141.03	146.75	150.17	154.03	155.12	158.33	161.59
Change (%)	-8.44%	-4.73%	-2.51%	-	+0.71%	+2.79%	+4.91%
Change	-13.00	-7.28	-3.86	-	+1.09	+4.30	+7.56
Level	Major	Minor	Major	-	Intermediate	Major	Minor

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	153.80	154.66	155.21	156.07	156.62	157.48	158.03
Camarilla	155.37	155.50	155.63	155.76	155.89	156.02	156.15
Woodie	153.65	154.58	155.06	155.99	156.47	157.40	157.88
Fibonacci	154.66	155.20	155.53	156.07	156.61	156.94	157.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	152.14	153.76	155.63	157.25	159.12	160.74	162.61
Camarilla	156.55	156.87	157.19	157.51	157.83	158.15	158.47
Woodie	152.28	153.82	155.77	157.31	159.26	160.80	162.75
Fibonacci	153.76	155.09	155.91	157.25	158.58	159.40	160.74

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

Technical indicators

Moving averages

RSI (14):	30.44
MACD (12,26,9):	-0.7900
Directional Movement:	-30.70
AROON (14):	-71.43
DEMA (21):	157.25
Parabolic SAR (0,02-0,02-0,2):	159.23
Elder Ray (13):	-2.83
Super Trend (3,10):	159.27
Zig ZAG (10):	153.95
VORTEX (21):	0.7900
Stochastique (14,3,5):	13.01
TEMA (21):	155.92
Williams %R (14):	-89.77
Chande Momentum Oscillator (20):	-6.86
Repulse (5,40,3):	-1.9800
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	5.84

MA7:	156.49
MA20:	159.09
MA50:	157.99
MA100:	155.35
MAexp7:	156.39
MAexp20:	157.90
MAexp50:	157.57
MAexp100:	155.67
Price / MA7:	-1.57%
Price / MA20:	-3.18%
Price / MA50:	-2.51%
Price / MA100:	-0.85%
Price / MAexp7:	-1.51%
Price / MAexp20:	-2.45%
Price / MAexp50:	-2.25%
Price / MAexp100:	-1.05%

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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