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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

UK to Announce Vaccine Passports and WFH Guidance in Move to Plan B

Looking to Buy USD/JPY

Looking to Buy USD/JPY

Joel Kruger, Technical Strategist

Right now, our in-house model is keeping us on the sidelines, but we very much like the idea of looking to buy this pair either on an upside break or into a deeper setback. Overall, this is a market that looks to be on the verge of a major structural shift since basing by record lows in the Fall of 2011, and the pair looks like it is attempting to find a fresh higher low above 75.55 ahead of the next major upside extension back through 84.20. As such, we recommend looking to either buy a dip to 78.50, or on a daily close back above 81.00. Look to hold long-term for a move to the 92.00 area. Only exit below 75.00.

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