USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 08/22/2024 (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

33%

39%

28%

My opinion

Bearish under 146.07 JPY

My targets

144.74 JPY (-0.41)

142.68 JPY (-2.47)

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 146.07 JPY. The next support located at 144.74 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 142.68 JPY. Below this support, sellers could then target 141.03 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

6.3

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 rating is 145.15 JPY. On the day, this instrument gained +0.02% and was between 144.94 JPY and 145.64 JPY. This implies that the price is at +0.14% from its lowest and at -0.34% from its highest.

144.94

145.64

145.15

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	125.57	141.03	144.74	145.15	145.19	146.07	146.75
Change (%)	-13.49%	-2.84%	-0.28%	-	+0.03%	+0.63%	+1.10%
Change	-19.58	-4.12	-0.41	-	+0.04	+0.92	+1.60
Level	Major	Major	Major	-	Minor	Minor	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	141.63	143.04	144.08	145.49	146.53	147.94	148.98
Camarilla	144.45	144.67	144.90	145.12	145.35	145.57	145.79
Woodie	141.45	142.95	143.90	145.40	146.35	147.85	148.80
Fibonacci	143.04	143.98	144.55	145.49	146.43	147.00	147.94

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.05
MACD (12,26,9):	-0.1100
Directional Movement:	-1.55
AROON (14):	50.00
DEMA (21):	145.16
Parabolic SAR (0,02-0,02-0,2):	145.49
Elder Ray (13):	0.01
Super Trend (3,10):	146.04
Zig ZAG (10):	145.14
VORTEX (21):	0.8800
Stochastique (14,3,5):	68.63
TEMA (21):	145.22
Williams %R (14):	-40.34
Chande Momentum Oscillator (20):	0.16
Repulse (5,40,3):	-0.1300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.10

MA7:	146.64
MA20:	147.88
MA50:	154.45
MA100:	154.95
MAexp7:	145.26
MAexp20:	145.33
MAexp50:	145.67
MAexp100:	146.16
Price / MA7:	-1.02%
Price / MA20:	-1.85%
Price / MA50:	-6.02%
Price / MA100:	-6.32%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.35%
Price / MAexp100:	-0.68%

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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