News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
Can Australian GDP Break AUD/JPY Congestion?

Can Australian GDP Break AUD/JPY Congestion?

Dimitri Zabelin, Analyst


  • AUD/JPY has been congesting between 79.055-79.899
  • A break below (if GDP data misses) may signal reversal
  • Otherwise, clearing resistance should need confirmation

See our free guide to learn how to use economic news in your trading strategy!

Since early January, AUD/JPY has been trading between the 74.263-79.899 range with doji-like candles potentially signaling investors’ uncertainty over upside momentum in the pair. It shied away from 79.899 on several occasions which may be an indicator that the pair is bumping up against a significant price roof. A break above this could be followed by a spike, but the duration and magnitude of such a jump are unknown.

AUD/JPY – Daily Chart

Chart Showing AUD/JPY

Conversely, a break below 77.735 might signal a strong bearish inclination and could push AUD/JPY down to the next possible floor at 76.278. If it reaches this support, attempts at breaching key resistance at 79.899 might be akin to pushing a boulder up a hill.

AUD/JPY – Daily Chart

Chart Showing AUD/JPY

The range-bound character of the pair may be tested as we come up to the release of Australian GDP. Click here to register for live coverage of the data and the market reaction. If it undershoots estimates, the pair could drop below 77.735.


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.