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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The $USD has been fairly strong against most major currencies, with the notable exception being the anti-risk Japanese Yen.Get your US dollar technical analysis from @JStanleyFX here: https://t.co/d8PsgO8bW4 https://t.co/PiepYwVgvc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in US 500 are at opposite extremes with 66.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/mpranMes9K
  • RT @LiveSquawk: ECB’s Mersch: Current Asset Prices At ‘Very Elevated Levels’ https://t.co/E6DEYVx72B
  • Markets are anxious as fears surrounding the #coronavirus continue to mount, sparking selling in risky assets in favor of save haven markets such as #gold. Get your $gld technical analysis from @PaulRobinsonFX here: https://t.co/qXmwQzAUhO $XAUUSD https://t.co/8EeF35onnU
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 0.54% Silver: 0.13% Oil - US Crude: -2.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NJhyRFrkYx
  • Technical Trade Levels: US #Dollar, $USDCAD, $EURUSD, Crude #Oil & #Gold - https://t.co/cUN7kGHNWv
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.25% 🇨🇭CHF: 0.09% 🇪🇺EUR: -0.09% 🇨🇦CAD: -0.22% 🇳🇿NZD: -0.91% 🇦🇺AUD: -1.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zYETHVRhWF
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: 0.16% Germany 30: 0.12% US 500: -1.40% Wall Street: -1.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/f4rpBy36Le
  • US CDC says there has been no confirmed cases of China coronavirus in the US since previous update
  • US Two-Year Notes Draw 1.440% Primary Dealers Accepted: 30.2% Indirect Bidders Accepted: 49.1% Direct Bidders Accepted: 20.7% B/C Ratio: 2.65
Jamie's Pick: 03/14/12

Jamie's Pick: 03/14/12

2012-03-14 12:26:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Shorter term USDJPY traders should keep risk (on longs) to last night’s low at 8285. Short term support is 8310/30. The target remains 8550 although the best way to play this has been to keep moving up the stop.

A general tip; in strong uptrends, markets tend to make their lows at opens and highs at closes (at multiple degrees of trends…monthly, weekly, daily).

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Follow me on Twitter @JamieSaettele

Jamie is the author of Sentiment in the Forex Market.

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

DISCLOSURES

News & Analysis at your fingertips.