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
  • The GOP has rejected the Democrats global offer on an infrastructure agreement - CNN
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.13% Silver: 0.11% Gold: -0.21% View the performance of all markets via
  • 🇺🇸 New Home Sales MoM (JUN) Actual: -6.6% Expected: 3.5% Previous: -7.8%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.88%, while traders in Wall Street are at opposite extremes with 72.92%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 0.35% Gold: 0.06% Oil - US Crude: -0.32% View the performance of all markets via
  • Heads Up:🇺🇸 New Home Sales MoM (JUN) due at 14:00 GMT (15min) Expected: 3.5% Previous: -5.9%
  • A somewhat relatively subdued start to the week for the Euro, with the currency remaining anchored around the 1.18 handle. Get your market update from @JMcQueenFX here:
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.01% US 500: -0.13% Wall Street: -0.18% Germany 30: -0.22% FTSE 100: -0.23% View the performance of all markets via
  • DoJ are reportedly examining if Tether misled banks about Crypto business
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
A GBP/JPY Strategy That's "Alive and Well"

A GBP/JPY Strategy That's "Alive and Well"

Liam McMahon, Head Forex Trading Instructor

Talking Points:

  • The Iron-Clad 100-Period EMA
  • 2 Big Rallies That Originated from This Support
  • A 600-Pip Rally That's Possible Now

One of the trickier elements of moving average trading is realizing that certain pairs respect certain moving averages on certain time frames. There is no universal moving average strategy, but looking back at what happened recently on a particular pair can offer clues as to what may happen in the future.

A perfect example of this can be seen on the four-hour chart of GBPJPY, where the 100-period exponential moving average (EMA) is providing some support for the third time since November.

The first time the 100-period EMA provided support was back on November 12, and that sparked a roughly 1,000-pip rally before another pullback to the 100-period EMA, this one happening on December 17.

The December test sparked about an 800-pip rally, and now, this morning, we saw GBPJPY touch and bounce off this key level for a third time.

Guest Commentary: Proven Moving Average Strategy in GBP/JPY

A_GBPJPY_Strategy_Thats_Alive_and_Well_body_GuestCommentary_LiamMcMahon_January6A_1.png, A GBP/JPY Strategy That's "Alive and Well"

Even if we continue to see diminishing returns on the strength of the bounce, a 600-pip move higher is not out of the question. Only time will tell, but so far, this particular moving average strategy is alive and well for GBPJPY traders.

By Liam McMahon, Currency Strategist,

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