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.

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
EUR/USD
Bullish
Low
High
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
Oil - US Crude
Mixed
Low
High
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
Wall Street
Bearish
Low
High
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
Gold
Bullish
GBP/USD
Bearish
Low
High
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
USD/JPY
Mixed
More View more
Real Time News
  • $AUDJPY is down a ninth consecutive session, but the pace isn't exactly the tempo that suggests a loaded spring. Seems some of the risk-sensitivity is coming back to these wayward carry pairs https://t.co/1TKXXBricC
  • US Four-Week Bills Draw 0.075% Primary Dealers Awarded: 56.0% Indirect Bidders Accepted: 37.5% Direct Bidders Accepted: 6.5% B/C Ratio: 3.88
  • US Eight-Week Bills Draw 0.090% Primary Dealers Awarded: 56.9% Indirect Bidders Accepted: 36.9% Direct Bidders Accepted: 6.2% B/C Ratio: 3.60
  • S&P 500 Technical Outlook: Bears Challenge First Major Support - $SPX Levels- https://t.co/LWhK6JBWBZ https://t.co/VQs1vOj0h2
  • Secretary Mnuchin says he would support additional fiscal measures $SPX
  • Hey traders! Get your Thursday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/iRF2tSbRuh
  • Fed Chair Powell says the municipal finance market is working pretty well
  • GBP/USD will likely extend its recent slide caused principally by a stronger US Dollar. Get your $GBPUSD market update from @MartinSEssex here:https://t.co/izio6AVcFX https://t.co/HCGK3NEW8N
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.02% 🇯🇵JPY: -0.07% 🇨🇦CAD: -0.07% 🇨🇭CHF: -0.32% 🇳🇿NZD: -0.38% 🇦🇺AUD: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/pv6tWdcxqU
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.34% Wall Street: -0.40% Germany 30: -0.85% France 40: -1.31% FTSE 100: -1.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/m31LiWOqsh
Forex Analysis: Stay Long USDJPY, Short EURUSD

Forex Analysis: Stay Long USDJPY, Short EURUSD

2012-11-01 11:01:00
Ilya Spivak, Head Strategist, APAC
Share:

I entered long USDJPY at 78.67. Prices pulled back to support in the 79.53-60 area marked by the August 17 close and the 23.6% Fibonacci retracement. A break below that exposes the 38.2% level at 79.13. I will continue to hold long for now but revise the stop-loss higher to be triggered on a daily close below 79.53, locking in some gains. The objective remains a close above the 80.39 level (which would expose the 81.00 figure as the next key barrier).

...

Separately, my order to short EURUSD at 1.2982 has now been triggered. I am targeting an initial downside objective at 1.2826, the 23.6% Fibonacci expansion. A stop-loss will be activated on a daily close above 1.3138.

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

DISCLOSURES