USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 08/23/2024 (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

28%

39%

33%

My opinion

Bearish under 146.75 JPY

My targets

141.03 JPY (-3.81)

133.25 JPY (-11.59)

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 146.75 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.

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

Force

6.4

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

Additional analysis

Quotes

The USD/JPY price is 144.84 JPY. On the day, this instrument lost -0.94% with the lowest point at 144.60 JPY and the highest point at 146.49 JPY. The deviation from the price is +0.17% for the low point and -1.13% for the high point.

144.60

146.49

144.84

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

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

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

Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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	144.84	146.75	150.17	158.33
Change (%)	-13.30%	-2.63%	-0.07%	-	+1.32%	+3.68%	+9.31%
Change	-19.27	-3.81	-0.10	-	+1.91	+5.33	+13.49
Level	Major	Major	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	143.67	144.31	145.26	145.90	146.85	147.49	148.44
Camarilla	145.78	145.93	146.07	146.22	146.37	146.51	146.66
Woodie	143.84	144.39	145.43	145.98	147.02	147.57	148.61
Fibonacci	144.31	144.91	145.29	145.90	146.50	146.88	147.49

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):	33.00
MACD (12,26,9):	-2.3900
Directional Movement:	-19.17
AROON (14):	57.14
DEMA (21):	144.87
Parabolic SAR (0,02-0,02-0,2):	143.67
Elder Ray (13):	-1.39
Super Trend (3,10):	151.51
Zig ZAG (10):	144.93
VORTEX (21):	0.8500
Stochastique (14,3,5):	39.01
TEMA (21):	144.34
Williams %R (14):	-83.93
Chande Momentum Oscillator (20):	-1.39
Repulse (5,40,3):	-1.3700
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	3.33

MA7:	146.45
MA20:	147.48
MA50:	154.22
MA100:	154.89
MAexp7:	146.04
MAexp20:	148.16
MAexp50:	151.70
MAexp100:	152.91
Price / MA7:	-1.10%
Price / MA20:	-1.79%
Price / MA50:	-6.08%
Price / MA100:	-6.49%
Price / MAexp7:	-0.82%
Price / MAexp20:	-2.24%
Price / MAexp50:	-4.52%
Price / MAexp100:	-5.28%

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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