Analysis of USD/JPY for 15min

10/31/2024

Analysis of USD/JPY

Based on the provided data for the USD/JPY currency pair on a 15-minute interval, here is a short analysis:

1. **Price Movement**: The price of USD/JPY has been fluctuating within a relatively narrow range, with the price closing around 152.09500.

2. **Relative Strength Index (RSI)**: The RSI values range from 34.20 to 45.71, indicating that the market is not strongly overbought or oversold. The current RSI of 34.20 suggests a slightly bearish sentiment.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line is below the signal line, with a negative MACD histogram. This indicates a bearish trend in the short term.

4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all above the closing price, suggesting a downward trend.

5. **Overall Sentiment**: The combination of RSI, MACD, and moving averages indicates a bearish sentiment in the short term for the USD/JPY pair.

6. **Key Levels**: The price has been hovering around 152.09500, with support around 152.00000 and resistance around 152.11501.

In conclusion, the short-term outlook for USD/JPY based on the provided data suggests a bearish sentiment. Traders may consider monitoring key support and resistance levels for potential entry or exit points.