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USD/JPY Technical Analysis - USD/JPY Trading: 2021-12-28
USD/JPY Technical Analysis Summary
Below 114.73
Sell Stop
Above 114.92
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| 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 retracing down toward the 200-period moving average MA(200) which is rising still. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 114.73. 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 114.92. 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 jumped in November. Will the USDJPY price retracing down continue?
Japan’s industrial output jumped in November: the Ministry of Economy, Trade and Industry (METI) reported Japan’s industrial output jumped 7.2% over month in November after 1.8% increase in October, when a 4.9% increase was expected. This is bearish for USDJPY.
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