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Weekly Technical Euro Forecast: Basically a Falling Knife
2021-03-06 00:50:00
FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-05 22:00:00
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Oil Price Forecast: Crude Eyes 2019 High Following OPEC JMMC Meeting
2021-03-05 15:00:00
Gold Prices at Risk as Crude Oil Benefits from Surprise OPEC+ Output Hold
2021-03-05 06:00:00
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Live Data Coverage: February US Nonfarm Payrolls w/ Christopher Vecchio, CFA
2021-03-05 13:00:00
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2021-03-05 00:00:00
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Gold Weekly Technical Forecast: Gold Sinks to Crucial Level - Bulls Last Hope?
2021-03-05 20:00:00
Live Data Coverage: February US Nonfarm Payrolls w/ Christopher Vecchio, CFA
2021-03-05 13:00:00
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Weekly Technical Euro Forecast: Basically a Falling Knife
2021-03-06 00:50:00
FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-05 22:00:00
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of clients are net short.
Long Short

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Weekly Technical Euro Forecast: Basically a Falling Knife
2021-03-06 00:50:00
FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-05 22:00:00
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USDJPY: Looking to Buy on Trend Line Break

USDJPY: Looking to Buy on Trend Line Break

Ilya Spivak, Head Strategist, APAC

Strategy: Pending Long

USDJPY put in a Bullish Engulfing candlestick pattern above support at 79.53, the October 31 intervention spike high, hinting a move higher is ahead. Initial resistance lines up at 80.28. We will look for a daily close above falling trend line resistance set from mid-March, now at 80.56, to confirm a breakout has materialized before entering a long position.

USDJPY_Looking_to_Buy_on_Trend_Line_Break_body_Picture_5.png, USDJPY: Looking to Buy on Trend Line Break

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

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