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
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
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
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Looking to Buy Eur/Jpy

Looking to Buy Eur/Jpy

2012-01-18 11:01:00
Joel Kruger, Technical Strategist
Share:

The cross could be finally looking to establish a base after breaking to fresh multi-year lows below 100.00 and stalling out by 97.00. At this point however we will need some form of confirmation and a break back above 98.80 will achieve this goal. As such, we recommend buying on a break above 98.80 with a target of 104.00 and a stop-loss by 96.50.

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

DISCLOSURES

News & Analysis at your fingertips.