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S&P 500 and Dollar Have Different Views for Last Week of September
2021-09-25 02:00:00
EUR/USD Outlook – Recovery Looks Weak and Increasingly Vulnerable
2021-09-24 11:00:00
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Crude Oil Technical Outlook: Short-term Bias Still Bullish, Big Level Ahead
2021-09-23 12:30:00
Technical Outlook: USD Majors, Gold, Oil & Crypto- FOMC Trade Levels
2021-09-22 17:00:00
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Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 14, 2021 12:00 GMT when Wall Street traded near 34,602.40.
2021-09-23 15:25:00
Dow Jones Price Resilient After FOMC Rate Decision, Updated Rate Projections
2021-09-22 18:00:00
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Gold Weekly Technical Forecast: Bearish Price Action Points to More Weakness
2021-09-24 16:00:00
Gold Price Forecast: Pointing Lower After September Fed Meeting - Levels for XAU/USD
2021-09-23 19:30:00
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GBP/USD Flattens After BOE-Induced Rally
2021-09-24 08:00:00
Dollar Trades Breakout for Head-and-Shoulders, S&P 500 Closes its Gap
2021-09-24 02:00:00
USD/JPY
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Long Short

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S&P 500 and Dollar Have Different Views for Last Week of September
2021-09-25 02:00:00
Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY
2021-09-25 00:00:00
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Trading EUR/JPY Short Term

Trading EUR/JPY Short Term

Jamie Saettele, CMT, Sr. Technical Strategist

Watch the 60 day average, Elliott channel support, and former pivots at 11704 and 11598 as February comes to a close and March begins. A final plunge into 11600-11700 may offer us the opportunity to go long. Near term, the EURJPY may be forming a triangle before the drop into mentioned levels. Trading wise, shorts are favored below 12135 with a 11800 target. Exceeding 12135 would warrant a neutral stance until 12225/55-at which point shorts would be favored again.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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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.

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EUR/JPY
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