USD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 08/05/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 144.77 JPY

My targets

141.03 JPY (-1.22)

133.25 JPY (-9.00)

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 144.77 JPY. The next support located at 141.03 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 133.25 JPY. Below this support, sellers could then target 125.57 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, 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

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

USD/JPY rating 142.25 JPY. On the day, this instrument lost -2.93% with the lowest point at 141.69 JPY and the highest point at 146.66 JPY. The deviation from the price is +0.40% for the low point and -3.01% for the high point.

141.69

146.66

142.25

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

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 strongly bearish. 85.71% 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 is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	109.04	125.57	141.03	142.25	144.77	146.75	150.17
Change (%)	-23.35%	-11.73%	-0.86%	-	+1.77%	+3.16%	+5.57%
Change	-33.21	-16.68	-1.22	-	+2.52	+4.50	+7.92
Level	Minor	Major	Major	-	Minor	Major	Major

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	142.03	144.22	145.39	147.58	148.75	150.94	152.11
Camarilla	145.63	145.93	146.24	146.55	146.86	147.17	147.47
Woodie	141.51	143.97	144.87	147.33	148.23	150.69	151.59
Fibonacci	144.22	145.51	146.30	147.58	148.87	149.66	150.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	134.77	140.60	143.57	149.40	152.37	158.20	161.17
Camarilla	144.13	144.94	145.74	146.55	147.36	148.16	148.97
Woodie	133.35	139.89	142.15	148.69	150.95	157.49	159.75
Fibonacci	140.60	143.96	146.04	149.40	152.76	154.84	158.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	133.25	141.43	145.61	153.79	157.97	166.15	170.33
Camarilla	146.39	147.52	148.66	149.79	150.92	152.06	153.19
Woodie	131.25	140.43	143.61	152.79	155.97	165.15	168.33
Fibonacci	141.43	146.15	149.07	153.79	158.51	161.43	166.15

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):	11.74
MACD (12,26,9):	-3.1400
Directional Movement:	-43.37
AROON (14):	-100.00
DEMA (21):	149.74
Parabolic SAR (0,02-0,02-0,2):	152.76
Elder Ray (13):	-7.19
Super Trend (3,10):	151.51
Zig ZAG (10):	142.23
VORTEX (21):	0.5900
Stochastique (14,3,5):	3.71
TEMA (21):	146.99
Williams %R (14):	-96.46
Chande Momentum Oscillator (20):	-14.92
Repulse (5,40,3):	-7.1300
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	11.83

MA7:	149.73
MA20:	154.72
MA50:	157.00
MA100:	155.53
MAexp7:	148.66
MAexp20:	153.20
MAexp50:	155.46
MAexp100:	154.87
Price / MA7:	-5.00%
Price / MA20:	-8.06%
Price / MA50:	-9.39%
Price / MA100:	-8.54%
Price / MAexp7:	-4.31%
Price / MAexp20:	-7.15%
Price / MAexp50:	-8.50%
Price / MAexp100:	-8.15%

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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