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
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
Wall Street
More View more
Real Time News
  • What's the difference between leading and lagging indicators? Find out from here:
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here:
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
USD/JPY Bullish Advance Halts

USD/JPY Bullish Advance Halts

Walker England, Forex Trading Instructor

Talking Points:

USD/JPY 30 Minute Chart with Pivots

USD/JPY Bullish Advance Halts

(Created Using TradingView Charts)

The USD/JPY has failed to breakout to higher highs this morning, as many other Yen crosses have done so already. At this point, the USD/JPY can be considered range bound as long as price remains trading between today’s R3 and S3 pivot. Currently, prices are bouncing from the S3 pivot which is displayed below at a price of 110.54. This bounce may reopen the USD/JPY to trade back towards range resistance found at the R3 pivot at 111.19. So far, the pair has traversed today’s 65 pip range once, and may continue to do so for the remainder of the session.

In the event that prices do breakout, traders may begin looking for continued bullish momentum above the R4 pivot at 111.53. A move beyond this point should be seen as significant as it would place the USD/JPY back in the direction of last week’s trend. Conversely a move through support and below the S4 pivot at 110.22, would signal a larger price reversal on the creation of a new lower low. A bearish move of this nature should catch trader’s attention, as the USD/JPY has not had a successful bearish breakout attempt since November 9th.

USD/JPY Bullish Advance Halts

Traders tracking sentiment should note that SSI (Speculative Sentiment Index) for the USD/JPY stands at -1.54. This value shows that 61% of positioning is currently short the USD/JPY. Typically this ratio is taken as a contrarian signal which suggests that the USD/JPY may continue to trade higher. In a bullish scenario, it would be expected for SSI to continue to reach out towards negative extremes of -2.0 or greater. However, in the event of a price reversal, traders should look for SSI to decrease towards more neutral values.

--- 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.