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
Subscribe
Please try again
EUR/USD
Bullish
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
Mixed
Gold
Mixed
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
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
More View more
Real Time News
  • 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: https://t.co/CNtqrKWDBY https://t.co/ns6TUdfkEA
  • Semiconductor shortage labeled as a top and immediate priority for President Biden - The White House
  • 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: https://t.co/9S5tXIs3SX https://t.co/eWXK8yCaI0
  • 8 out of 11 S&P 500 sectors ended higher, with 62.6% of the index’s constituents closing in the green. Consumer discretionary (+0.56%), real estate (+0.55%) and consumer staples (+0.45%) were among the best performers, while energy (-0.94%) trailed behind. https://t.co/6ld01hQLRm
  • 🇳🇿 Electronic Retail Card Spending YoY (MAR) Actual: 5.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2021-04-12
  • 🇳🇿 Electronic Retail Card Spending MoM (MAR) Actual: 0.9% Previous: -2.5% https://www.dailyfx.com/economic-calendar#2021-04-12
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (MAR) due at 22:45 GMT (15min) Previous: -5.3% https://www.dailyfx.com/economic-calendar#2021-04-12
  • Heads Up:🇳🇿 Electronic Retail Card Spending MoM (MAR) due at 22:45 GMT (15min) Previous: -2.5% https://www.dailyfx.com/economic-calendar#2021-04-12
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:https://t.co/DYCLXAFcCr https://t.co/iaI1RZOnSd
  • SEC said to curtail SPAC fervor with discussions on accounting - BBG
FOREX Trading: USD/JPY Try it Again

FOREX Trading: USD/JPY Try it Again

Jamie Saettele, CMT, Sr. Technical Strategist

Trading breakouts is especially difficult because it feels as though one is buying the top or selling the bottom. The only way I’ve been able to tackle this psychological impediment is by trading against an objectively defined level. Against means that your stop is on the other side of that level and objective levels are opening range levels (early month, early week, and early session price extremes). Regarding the USDJPY, the Monday low of 8108 was the objective level to trade against (stop below) once the Monday high was broken. Price has now reached the next cluster of technical resistance surrounding 8250 and a reaction here would present the next opportunity to align with the move for a test of 8345 and potentially a break of the March high at 8417. 8215 is now estimated support and the level to trade against is moved up to 8164. Always ask yourself if you can handle the risk…another way to put this…It’s better to wish you were in a trade than wish you were out of a trade.

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

DISCLOSURES