USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
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USD/JPY - Daily - Technical analysis published on 08/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 150.17 JPY

My targets

146.75 JPY (-0.73)

144.74 JPY (-2.74)

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 150.17 JPY. The sellers' bearish objective is set at 146.75 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 144.74 JPY. In case of crossing, the next objective would be the support located at 141.03 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

5.4

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

Additional analysis

Quotes

The USD/JPY price is 147.48 JPY. On the day, this instrument lost -0.32% with the lowest point at 147.41 JPY and the highest point at 148.01 JPY. The deviation from the price is +0.05% for the low point and -0.36% for the high point.

147.41

148.01

147.48

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 (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of USD/JPY in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	141.03	144.74	146.75	147.48	150.17	155.12	158.33
Change (%)	-4.37%	-1.86%	-0.49%	-	+1.82%	+5.18%	+7.36%
Change	-6.45	-2.74	-0.73	-	+2.69	+7.64	+10.85
Level	Major	Intermediate	Major	-	Major	Minor	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	147.11	147.31	147.64	147.84	148.17	148.37	148.70
Camarilla	147.81	147.86	147.91	147.96	148.01	148.06	148.11
Woodie	147.17	147.34	147.70	147.87	148.23	148.40	148.76
Fibonacci	147.31	147.52	147.64	147.84	148.05	148.17	148.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.68	144.37	146.01	147.70	149.34	151.03	152.67
Camarilla	146.72	147.03	147.34	147.64	147.95	148.25	148.56
Woodie	142.65	144.36	145.98	147.69	149.31	151.02	152.64
Fibonacci	144.37	145.65	146.43	147.70	148.98	149.76	151.03

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.60
MACD (12,26,9):	-2.2200
Directional Movement:	-14.29
AROON (14):	-21.43
DEMA (21):	146.32
Parabolic SAR (0,02-0,02-0,2):	142.92
Elder Ray (13):	-0.54
Super Trend (3,10):	151.51
Zig ZAG (10):	147.53
VORTEX (21):	0.8100
Stochastique (14,3,5):	52.86
TEMA (21):	145.75
Williams %R (14):	-37.17
Chande Momentum Oscillator (20):	0.93
Repulse (5,40,3):	-0.2900
ROCnROLL:	2
TRIX (15,9):	-0.2600
Courbe Coppock:	5.18

MA7:	147.64
MA20:	148.92
MA50:	155.00
MA100:	155.11
MAexp7:	147.70
MAexp20:	149.45
MAexp50:	152.64
MAexp100:	153.44
Price / MA7:	-0.11%
Price / MA20:	-0.97%
Price / MA50:	-4.85%
Price / MA100:	-4.92%
Price / MAexp7:	-0.14%
Price / MAexp20:	-1.31%
Price / MAexp50:	-3.37%
Price / MAexp100:	-3.88%

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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