USD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 08/28/2024 (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%

44%

28%

My opinion

Bearish under 146.75 JPY

My targets

141.03 JPY (-3.18)

133.25 JPY (-10.96)

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 146.75 JPY. The sellers' bearish objective is set at 141.03 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 133.25 JPY. In case of crossing, the next objective would be the support located at 125.57 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

6.6

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

USD/JPY rating 144.21 JPY. The price registered an increase of +0.17% on the session with the lowest point at 143.91 JPY and the highest point at 144.22 JPY. The deviation from the price is +0.21% for the low point and -0.01% for the high point.

143.91

144.22

144.21

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD/JPY:

The Central Records scanner for higher/lower results shows the following items:

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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	116.13	125.57	141.03	144.21	144.24	146.75	150.17
Change (%)	-19.47%	-12.93%	-2.21%	-	+0.02%	+1.76%	+4.13%
Change	-28.08	-18.64	-3.18	-	+0.03	+2.54	+5.96
Level	Minor	Major	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.87	142.77	143.37	144.27	144.87	145.77	146.37
Camarilla	143.55	143.69	143.82	143.96	144.10	144.24	144.37
Woodie	141.71	142.70	143.21	144.20	144.71	145.70	146.21
Fibonacci	142.77	143.35	143.70	144.27	144.85	145.20	145.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	138.94	141.49	142.94	145.49	146.94	149.49	150.94
Camarilla	143.28	143.65	144.01	144.38	144.75	145.11	145.48
Woodie	138.38	141.22	142.38	145.22	146.38	149.22	150.38
Fibonacci	141.49	143.02	143.97	145.49	147.02	147.97	149.49

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

Technical indicators

Moving averages

RSI (14):	31.95
MACD (12,26,9):	-2.4100
Directional Movement:	-18.70
AROON (14):	-50.00
DEMA (21):	143.79
Parabolic SAR (0,02-0,02-0,2):	149.16
Elder Ray (13):	-1.82
Super Trend (3,10):	149.66
Zig ZAG (10):	144.11
VORTEX (21):	0.8200
Stochastique (14,3,5):	12.75
TEMA (21):	143.41
Williams %R (14):	-87.75
Chande Momentum Oscillator (20):	-2.83
Repulse (5,40,3):	-0.5200
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	2.97

MA7:	144.81
MA20:	146.27
MA50:	153.39
MA100:	154.65
MAexp7:	144.91
MAexp20:	147.09
MAexp50:	150.83
MAexp100:	152.39
Price / MA7:	-0.41%
Price / MA20:	-1.41%
Price / MA50:	-5.98%
Price / MA100:	-6.75%
Price / MAexp7:	-0.48%
Price / MAexp20:	-1.96%
Price / MAexp50:	-4.39%
Price / MAexp100:	-5.37%

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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