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USD JPY Technical Analysis - USD JPY Trading: 2022-11-15
USD/JPY Technical Analysis Summary
Below 139.03
Sell Stop
Above 140.62
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
USD/JPY Chart Analysis
USD/JPY Technical Analysis
The technical analysis of the USDJPY price chart on 1-hour timeframe shows USDJPY: H1 is declining under the 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 139.03. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 140.62. After placing the order, the stop loss is to be moved to the next fractal high 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 industrial output was revised downward for September. Will the USDJPY price retreating reverse?
Japan’s industrial output for September was revised downward: the Ministry of Economy, Trade and Industry reported Japan's industrial production fell 1.7% over month in September after 1.6% decrease in August, when a steady 1.6% decline was estimated in preliminary report. This is bullish for USDJPY. However, the current setup is bearish for the pair.
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