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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Entering Long USDJPY on Channel Break

Entering Long USDJPY on Channel Break

Ilya Spivak, Head Strategist, APAC

Prices took out resistance marked by the tops of a Triangle consolidation chart pattern and a falling channel set from late June, hinting at further gains ahead. I will enter long at this point (78.67), setting the August 17 close at 79.53 as the initial upside objective. A stop-loss will be activated on a daily close below 77.94.

...

SEE CHART HERE

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

DISCLOSURES