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
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
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.03% France 40: 0.03% US 500: 0.02% FTSE 100: -0.06% Germany 30: -0.09% View the performance of all markets via
  • AUD declined into the weekend, wiping out earlier gains against USD #IronOre tumbled this week, with futures on #SGX down about 15%! -> 3-month low China is further cracking down on steel output to ebb pollution Iron ore is a key AU export to China, posing a risk #AUD $AUDUSD
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.11% Silver: -0.53% Gold: -0.95% View the performance of all markets via
  • Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.66%, while traders in France 40 are at opposite extremes with 71.50%. See the summary chart below and full details and charts on DailyFX:
  • A strong Covid-19 vaccine program reduces risks stemming from the Delta variant. BoE optimism on economic recovery grows. Get your weekly GBP forecast from @JMcQueenFX here:
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: 0.02% Germany 30: -0.03% FTSE 100: -0.04% Wall Street: -0.38% US 500: -0.42% View the performance of all markets via
  • NY Fed accepts $1.039 trillion in reverse repo operations $USD $DXY
  • This week cryptocurrencies were on the charge with Bitcoin leading the rally. Get your $BTC market update from @WVenketas here:
USD/JPY Reaches Daily Resistance

USD/JPY Reaches Daily Resistance

Walker England, Forex Trading Instructor

Talking Points

  • USD/JPY Trades in a 73 Pip Range
  • Bearish Breakouts Begin Under 111.93
  • SSI Reads an Extreme +2.21

USD/JPY 30 Minute Chart

USD/JPY Reaches Daily Resistance

(Created using Marketscope 2.0 Charts)

Losing Money Trading? This Might Be Why.

The USD/JPY has drifted higher from support overnight to test range resistance at 1.1303. This value is marked on the graph above by the R3 Camarilla pivot point. In the event that prices continue to trade below this value, it opens the USD/JPY to trade back towards support. Today’s S3 pivot point is found at 112.30 and marks the bottom of Tuesday’s 73 pip trading range.

In the event that market conditions reverse, traders can begin looking for a bullish breakout above the displayed R4 pivot found at 113.40. Conversely, bearish breakouts begin beneath the S4 pivot point at 111.93. In either breakout scenario, initial targets may be found by extrapolating a 1X extension of today’s trading range. This places initial bullish targets near 114.13 and bearish targets at 111.20.

SSI (Speculative Sentiment Index) for the USD/JPY is currently reading at an extreme +2.21. When taken as a contrarian signal, this extreme positive value may potentially signal further declines in price for the USD/JPY. In the even that this number normalizes throughout the week, it may suggest at least a temporary end to the pairs current daily downtrend.

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

See Walker’s most recent articles at his Bio Page.

Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required].

Contact and Follow Walker on Twitter @WEnglandFX.

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