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
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
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here:
FX Reversals: AUDJPY Resistance Reversal Update

FX Reversals: AUDJPY Resistance Reversal Update

Walker England, Forex Trading Instructor

Talking Points

  • AUDJPY Tests Range Resistance
  • Breakout Signaled Above 96.68
  • Range Support Found at 96.02

AUDJPY 30min Chart

FX Reversals: AUDJPY Resistance Reversal Update

(Created using FXCM’s Marketscope 2.0 charts)

Suggested Reading: Trading Intraday Market Reversals

The AUDJPY has been slowly trending lower this week on Aussie weakness. This has allowed traders to look for further weakness as the pair tests key values of resistance. Currently the AUDJPY has failed to break above its daily R3 range resistance value at a price of 96.46. In the event that price begins to move lower, retracement traders and range traders alike can begin to target values of support. As seen above, range support stands at a price of 96.02, completing todays 44 pip trading range.

If market conditions change from present, traders should begin looking for an increased probability of a price breakout. A price breakout below S4 pivot support at 95.80, would signal strong momentum in the direction of the AUDJPYs current trend. As well a move above the R4 pivot at 96.68, would indicate the possibility of a broader reversal on the creation of a higher high. In either breakout scenario, traders should look to conclude any range based positions and adjust to the markets current directional bias.

FX Reversals: AUDJPY Resistance Reversal Update

Yesterdays Update

Yesterday, traders were waiting to see if the EURUSD could maintain a counter trend reversal above its R4 pivot. By the conclusion of U.S session trading, price had moved back into the trading range, indicating the creation of a false breakout. Now, the EURUSD has moved through layers of support and is attempting to breakout towards fresh lower lows. To learn more about yesterdays action, check out Tuesdays FX Reversal article linked below.

FX Reversals: EURUSD Breakout Update

---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.