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
Real Time News
  • 🇬🇧 Markit/CIPS Manufacturing PMI Final (JUL) Actual: 60.4 Expected: 60.4 Previous: 63.9
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Heads Up:🇬🇧 Markit/CIPS Manufacturing PMI Final (JUL) due at 08:30 GMT (15min) Expected: 60.4 Previous: 63.9
  • 💶 Markit Manufacturing PMI Final (JUL) Actual: 62.8 Expected: 62.6 Previous: 63.4
  • 🇩🇪 Markit Manufacturing PMI Final (JUL) Actual: 65.9 Expected: 65.6 Previous: 65.1
  • 🇮🇹 IHS Markit Manufacturing PMI (JUL) Actual: 60.3 Expected: 61.5 Previous: 62.2
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.02%, while traders in Wall Street are at opposite extremes with 75.65%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:💶 Markit Manufacturing PMI Final (JUL) due at 08:00 GMT (15min) Expected: 62.6 Previous: 63.4
  • Heads Up:🇩🇪 Markit Manufacturing PMI Final (JUL) due at 07:55 GMT (15min) Expected: 65.6 Previous: 65.1
  • 🇨🇭 Manufacturing PMI (JUL) Actual: 71.1 Previous: 66.7
USD/JPY Trendline Breakout

USD/JPY Trendline Breakout

Walker England, Forex Trading Instructor

Market Condition: USD/JPY Bullish Breakout

Target 1: 116.40

Target 2: 117.40

USD/JPY, 1Hour Trend with Trendline Breakout

USD/JPY Trendline Breakout

(Created Using TradingView Charts)

The USD/JPY has broken out above a short term trendline, pushing the pair back in the direction of its primary daily trend. For reference, the trendline as depicted above has been created by connecting a series of lower highs starting with the standing 2017 high at 118.61. This line was previously acting as a value of resistance, but may now be seen as a point of support. As long as the USD/JPY remains above this point, traders may elect to initiate new positions with the trend.

In the event of a false breakout traders will first see prices retreat back under the drawn trendline. Traders may elect to close any buy based positions at this point, but more conservative traders may elect to manage risk below the pair’s previous swing low at 114.40. In this bearish scenario, the USD/JPY would be putting in new lower lows, which would suggest an end to the markets current bullish momentum.

--- Written by Walker, Analyst for

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at hisBio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

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