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USD/JPY Technical Analysis - USD/JPY Trading: 2022-05-19

USD/JPY Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 127.50

Sell Stop

Above 127.90

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2069
IndicatorSignal
RSI Neutral
MACD Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

USD/JPY Chart Analysis

USD/JPY Chart Analysis

USD/JPY Technical Analysis

The USDJPY technical analysis of the price chart on 1-hour timeframe shows USDJPY: H1 is retracing up after retreating following the 200-period moving average MA(200) test. We believe the bearish movement will continue after the price breaches below 127.50. 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 127.90. 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 machine tool orders growth resumed in March. Will the USDJPY price retreating continue?

Japan’s machine tool orders growth resumed in March: the Cabinet Office reported core machinery orders rose 7.1% over month in March after 9.4% decline in February. This is bearish for USDJPY.

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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.