- Analytics
- Technical Analysis
USD JPY Technical Analysis - USD JPY Trading: 2024-08-27
USD/JPY Technical Analysis Summary
Above 144.965
Buy Stop
Below 144.224
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
USD/JPY Chart Analysis
USD/JPY Technical Analysis
The technical analysis of the USDJPY price chart on 1-hour timeframe shows USDJPY,H1 is rebounding toward the 200-period moving average MA(200) after hitting three-week low yesterday. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 144.965. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 144.224. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/JPY
Japan’s services prices inflation moderated more than expected in July. Will the USDJPY price rebounding continue?
Japan’s services prices inflation moderated more than expected in July: the Bank of Japan reported Japan's Services Producer Price Index (SPPI) rose 2.8% over year in July after 3.1% growth in June, when a 2.9% increase was expected. At the same time Core Consumer Price Index (CPI) rose 1.8% over year after 2.1% growth in June, when no change in the growth rate was expected. This is bearish for yen and bullish for USDJPY currency pair.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Stop Out Level - Only 10%
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
Latest technical analysis
