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.



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
Oil - US Crude
Wall Street
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
  • The Indian #Rupee may weaken following a breakout higher in $USDINR over the past 24 hours. Despite rising global stock market volatility, the #nifty50 has been holding its ground. Could it capitulate lower? -
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.28% 🇨🇦CAD: 0.24% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.10% 🇪🇺EUR: 0.07% 🇯🇵JPY: -0.15% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.95% Wall Street: 0.95% France 40: 0.56% Germany 30: 0.46% FTSE 100: 0.27% View the performance of all markets via
  • $USD Technical Analysis: $AUDUSD, $EURUSD, $GBPUSD Key Levels to Watch -
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • BoJ: Risks are tilted to downside for economic, price outlook. Outlook assumes no large-scale spread of virus -BBG
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • BoJ downgrades view on FY2020 CPI and GDP, adding that it will take more action without hesitation if needed -BBG
  • BoJ: Maintains policy balance rate at -0.1% Maintains 10-year JGB yield target at about 0% -BBG
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min)
FX Reversals: USDJPY Reversal Range Update

FX Reversals: USDJPY Reversal Range Update

2014-09-22 13:21:00
Walker England, Forex Trading Instructor

Talking Points

  • USDJPY Opens in Range
  • Trend Traders Await New Breakout Opportunities
  • Bearish Reversal Signaled Under 108.52

GBPUSD 30min Chart

FX Reversals: USDJPY Reversal Range Update

(Created using FXCM’s Marketscope 2.0 charts)

Suggested Reading: Trading Intraday Market Reversals

The USDJPY has opened with traders wondering if the pair can trade towards its 7th weekly high in 7 weeks. In order to do so, the USDJPY will need to break through today’s key values of daily resistance. Currently traders are watching the R4 camarilla pivot at 109.47. If price breaches above this value, it would be a strong signal of continued momentum with the daily trend. Traders can take advantage of a higher high by enacting the trend based strategy of their choosing.

As price has yet to breakout today, there is always a possibility of a continued range bound market or a broader reversal. For a range to develop, price should be contained under the R3 pivot at a price of 109.23. If resistance is tested, reversal traders will again look for price to move to range support found at the S3 pivot at a price of 108.79. The distance between R3 and S3 has created a 44 pip trading range for today. A broader reversal would be signaled under the S4 pivot, in which the USDJPY would be moving towards lower lows. In either scenario the trend would be considered on pause, allowing traders to adjust their strategy accordingly.

FX Reversals: USDJPY Reversal Range Update

Yesterdays Update

On Friday, NZDUSD traders were looking to take advantage of a 54 pip trading range. Price hovered near resistance at the open of the U.S. trading session at a price of .8170. By the conclusion of trading price had traversed the range three times after again moving to support at .8126. To learn more, check out Fridays FX Reversal article linked below.

FX Reversals: NZDUSD Reversal Range

Then, to practice setting up orders using Camarilla Pivots, register for a FREE Forex demo with FXCM. This way you can develop your day trading techniques while tracking the market in real time.

Click HERE to Register NOW

---Written by Walker England, Trading Instructor

To contact Walker, email Follow me on Twitter @WEnglandFX.

To be added to Walker’s e-mail distribution list, CLICK HERE and enter in your email information.

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