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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Mixed
Low
High
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
Guest Commentary: MarketVisionTV - USDJPY Clarity within Erratic Consolidation!

Guest Commentary: MarketVisionTV - USDJPY Clarity within Erratic Consolidation!

@EdMatts at www.marketvisiontv.com,
Guest_Commentary_MarketVisionTV_USDJPY_Clarity_within_Erratic_Consolidation_body_JPY702.png, Guest Commentary: MarketVisionTV - USDJPY Clarity within Erratic Consolidation!

Despite remaining within seemingly erratic 75.55-79.50 consolidation, $ Yen is showing real short term clarity. As following a clear five decline to 75.95 it has held 76.40 to maintain what appears to be a five wave recovery that is set to spike the 76.80 38.2% retracement to 77.10 the 50%. Since this should be enough at least for 76.40 again and a likely attack on the 75.95 low I am selling in the short term. However, until 75.95 yields, the reality is consolidation and therefore the prospect of a later larger recovery to 77.35 before lower. Only a break of 78.30 can alter the emphasis of bearish consolidation.

Further Videos and Commentaries are available from www.marketvisiontv.com or @EdMatts on Twitter.

By Ed Matts, MarketVisionTV.com

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

DISCLOSURES