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 09/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

44%

22%

My opinion

Bearish under 146.25 JPY

My targets

141.03 JPY (-1.27)

132.42 JPY (-9.88)

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 146.25 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 132.42 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, technical indicators are neutral, 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 shmoot000. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/JPY price is 142.30 JPY. On the day, this instrument gained +1.07% with the lowest point at 140.32 JPY and the highest point at 142.31 JPY. The deviation from the price is +1.41% for the low point and -0.01% for the high point.

140.32

142.31

142.30

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily 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 market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	116.13	125.57	141.03	142.30	146.75	150.17	161.59
Change (%)	-18.39%	-11.76%	-0.89%	-	+3.13%	+5.53%	+13.56%
Change	-26.17	-16.73	-1.27	-	+4.45	+7.87	+19.29
Level	Minor	Major	Major	-	Intermediate	Major	Major

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	138.18	138.88	139.84	140.54	141.50	142.20	143.16
Camarilla	140.34	140.50	140.65	140.80	140.95	141.10	141.26
Woodie	138.31	138.95	139.97	140.61	141.63	142.27	143.29
Fibonacci	138.88	139.51	139.91	140.54	141.17	141.57	142.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	135.95	138.12	139.47	141.64	142.99	145.16	146.51
Camarilla	139.86	140.19	140.51	140.83	141.15	141.48	141.80
Woodie	135.55	137.92	139.07	141.44	142.59	144.96	146.11
Fibonacci	138.12	139.46	140.29	141.64	142.98	143.81	145.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	132.42	137.05	141.62	146.25	150.82	155.45	160.02
Camarilla	143.65	144.49	145.34	146.18	147.02	147.87	148.71
Woodie	132.38	137.04	141.58	146.24	150.78	155.44	159.98
Fibonacci	137.05	140.57	142.74	146.25	149.77	151.94	155.45

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):	38.83
MACD (12,26,9):	-1.9400
Directional Movement:	-17.26
AROON (14):	-64.29
DEMA (21):	141.08
Parabolic SAR (0,02-0,02-0,2):	144.16
Elder Ray (13):	-1.49
Super Trend (3,10):	145.72
Zig ZAG (10):	142.23
VORTEX (21):	0.8700
Stochastique (14,3,5):	19.55
TEMA (21):	141.18
Williams %R (14):	-65.27
Chande Momentum Oscillator (20):	-3.95
Repulse (5,40,3):	1.2700
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	4.50

MA7:	141.92
MA20:	143.72
MA50:	148.53
MA100:	152.99
MAexp7:	142.00
MAexp20:	143.76
MAexp50:	147.49
MAexp100:	150.13
Price / MA7:	+0.27%
Price / MA20:	-0.99%
Price / MA50:	-4.19%
Price / MA100:	-6.99%
Price / MAexp7:	+0.21%
Price / MAexp20:	-1.02%
Price / MAexp50:	-3.52%
Price / MAexp100:	-5.22%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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