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USD/JPY analysis.


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On 1 hour time frame chart, it is clear that the price is weak once again and the price closed below the lower band plus previous hanging man formed indicated for more bearish sentiment. RSI and Stoch fall both to level 48 and 66 respectively indicated for bearish sentiment. PSAR is moving above the price but MACD on green zone with higher low formation. So this pair expected to be bearish with support at 103.20

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USDJPY on 4 hour chart seems failed to break the psychological resistance at 104.00. On the 1 hour time frame the price just formed shooting start which make the price fall down to the lower channel or exactly at middle channel. Stochastic(5,3,3) in this chart fall down to level 70 while RSI fall down to level 56. Based on this analysis then this pair's price may fall down to the around of lower channel at 103.53

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USDJPY right now still cannot out from the bearish sentiment and with bearish engulfing pattern spotted on 30 minutes chart indicated this pair may fall further. RSI(14) in this chart fall to around level 30 but Stochastic(5,3,3) rise to around level 45. MACD(12,26,9) formed a lower lows. Based on the analysis above then this pair is predicted to be bearish with the next target which is support at 103.00

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USDJPY based on 1 hour time frame fall down on EU session and test EMA100. The price before formed a hanging man on the top indicated for further bearish sentiment. RSI(14) in this chart fall to level 46 while Stochastic(5,3,3) fall to around level 23. MACD formed lower low. Based on the analysis above it seems this pair will fall to the support at 103.50

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Penta top pattern formed on USDJPY's 1 hour time frame chart where the rice trying to test the resistance at 104.45. The price is also seems stronger and able to closed above not just that resistance but also EMA100. MACD(12,26,9) here formed higher low. RSI(14) fall down to level 64 and Stochastic(5,3,3) fall down to level 66. The price today seems to be bearish and may corrected to around 103.70

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The price of USDJPY successfully break the lower band and keep moving up towards the next resistance especially after bearish engulfing pattern spotted on H4 chart. Based on that it seems this will be a strong movement by RSI(14) which ascend towards level 63 and Stochastic(5,3,3) observed to rise towards level 61.
Based on the 1 hour graphical chart then this pair expected to be bullish with the resistance at 104.86

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USDJPY on 30 minutes chart show that the momentum still able to keep on the right place and the price is successfully closed above EMA100. The opening price is alos above pivot line too. RSI and Stochastic as usualy rise to around level 56 and so do Stoch rise to level 65 while MACD formed lower highs. Based on the analysis chart, then this pair predicted to be bullish with resistance at 105.59

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USDJPY on 1 hour chart recovered from the breakout and the price now is moving above EMA100 and Parabolic SAR. Not just that RSI and Stochastic in this chart seems to be bullish with showing the line rise to around level 52 and 77. MACD on the other hand is bearish with lower lows on the red zone. But based on that the conclusion is still bullish considering its strong position now, the target is at 105.52

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USDJPY on H1 chart how the price once again is weakening and even able to break EMA100 down and closed below. The opening price is below pivot while the price now also still the same. RSI(14) and Stochastic(5,3,3) in this chart both fall down to level 41 and 51 respectively. Based on my own analysis, this pair expected to bearish with support at 104.42

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H4 chart saw that USDJPY in this chart failed to break the upper band instead this pair closed down below. Stochastic in this chart observed to be oversold even still fall down further. MACD formed lower low on the red zone, while RSI(14) fall to around level 34. Parabolic SAR is above the price too. Even with oversold i think this pair will corrected first before keep falling once again towards 102.350

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USDJPY is doing well right now it seesm with the big gap yesterday the price is able to closed above EMA100 but it seems that bearish sentiment is strong after hammer formed here and PSAR is keep moving above the price. On H1 chart RSI and Stochastic which are leading indicators show the signal for bearish with fall towards 50 and 43. MACD formed lower high too. Based on that this pair may fall towards 103.90

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  • 3 weeks later...

USDJPY on 4 hour chart just corrected with Evening star formed and also a breakout on the middle band where the price successfully break and closed below. Now, price is testing pivot and if able to break it and closed below further bearish expected. RSI and Stochastic in this chart both fall to 45 and 33. So this pair expected to be bearish at 113.89

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  • 3 weeks later...

Based on H1 chart the price seems corrected but still moving above Parabolic SAR and EMA100. Not just that MACD seems formed lower high on the green zone, but RSI and Stochastic as leading indicator indicated a bearish sentiment with fall to level 57 and 30 respectively. So based on that and according to my analysis, USDJPY on this chart expected to be bullish with resistance at 115.75

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The downward movement today following the shooting star pattern which formed after the peak of bullish sentiment and now the price is testing support level at 117.46. The price is also moving beneath EMA100 and Parabolic SAR. If this level is able to break that support , then the downward movement could easily lead to next support at 116.99.



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  • 3 weeks later...

It seems a strong sentiment supported the movement of this pair, on H1 chart the price weakening deeper but hampered by the second support line at 116.36. RSI and Stochastic both observed to fall around level 34 and level 50 respectively. If USDJPY's price able to break that line and closed below, this pair may even fall towards the next support at 116.25.

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  • 2 weeks later...

In general, USDJPY is still in the bearish pattern considering that RSI, Stochastic, MACD, and Parabolic SAR are showing a bearish signal for this one . After gaining early market today, is now trying to price falls below pivot at 114.65. If price is able to close below this level, then the potential for downward movement will lead to support level at 113.80.

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  • 5 weeks later...

After rejection of pivot line USDJPY successfully fall down deeper. The price also broke EMA100 and also Parabolic SAR. With the current condition and support from most of the leading indicators which are bearish i think this pair may descend down deeper to the higher level. The price based on my scenario will fall down deeer and test the support at 113.00

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USDJPY on 30M chart seems to formed an evening doji star which indicated there will be reversal especially after pivot line rejection which comes after. RSI and Stochastic in this chart seems fall to lower level, leaving only MACD which rise slightly. Parabolic SAR is moving above the candle indicated the bearish signal. So overall bias is bearish and target is at 114.20

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  • 4 months later...

Based on 1 hour chart, there were 3 strong resistance from 2nd support made USDJPY bounced itself back and able to break the 1st support line and closed above, but it is not strong enough because this pair is under flat sentiment. RSI and Stoch as leading are bullish, but MACD is bearish also it seems that this pair want to break the pivot line at 111.37

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On h1 chart it seems the price of USDJPY is limited bullish, RSI and Stochastic both observed to be bullish where both rise to level 52 and level 45 respectively. MACD on the other hand is sideway. Based on my analysis for this pair there are chance it will rise but still limited up to around 111.40 which is the first resistance line.

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  • 3 months later...

USDJPY seems to get a pressure to fall below SMA80 and SMA300 after this morning USDJY failed to break SMA80 leave alone pivot line. Right now the price seems trying to break the resistance and indicators such as Stochastic and RSI both rise to level 22 and level 35. Based on that, i exepct USDJPY will correct itself towards 112.00.

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