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.

Free Trading Guides
EUR/USD
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
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bullish
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
Bitcoin
Bearish
More View more
Real Time News
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.04% 🇪🇺EUR: -0.03% 🇨🇦CAD: -0.13% 🇦🇺AUD: -0.36% 🇳🇿NZD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3NzfCsQ13V
  • LIVE NOW! Senior Currency Strategist @IlyaSpivak discusses the technical and fundamental $AUDUSD outlook for the week ahead here - https://www.dailyfx.com/webinars/378612179?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in Germany 30 are at opposite extremes with 83.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/YAczEQdU5T
  • LIVE IN 30 MIN: Senior Currency Strategist @IlyaSpivak discusses the technical and fundamental $AUDUSD outlook for the week ahead here - https://www.dailyfx.com/webinars/378612179?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Join @IlyaSpivak 's #webinar at 10:00 PM ET / 3:00 AM GMT to prepare for the week ahead in trading $AUDUSD Register here: https://t.co/sZNWPVRHA0 https://t.co/kYQsHkGUoV
  • Chinese Equities Following Tuesday Open: Shanghai Composite (-0.15%), CSI 300 (-0.25%) -BBG [delayed]
  • Asia Pacific Equities Update - China still closed: Nikkei 225 (-1.08%), KOSPI (-1.12%), ASX 200 (-0.20%), Hang Seng (-0.69%) -BBG [delayed]
  • My majors-based #Yen index is gaining with risk aversion pickup up pace in Asia trade as #Nikkei225 futures drop. Still, #JPY generally has more room to go before the broader technical bis shifts bullish from neutral. I am keeping an eye on Jan & Feb highs as that threshold https://t.co/NTWCrNiekf
  • RT @KyleR_IG: * #RBA: CORONAVIRUS A MATERIAL NEAR TERM RISK TO CHINA, TRADE * RBA: CUT COULD SPUR BORROWING AND STRONG UPSWING IN HOUSING *…
  • $AUDUSD aiming cautiously lower after #RBA minutes paint somewhat cautious outlook, focus remains on deterioration in market mood with #SP500 and #Nikkei225 futures pointing lower - https://t.co/xl2zyxHAsQ https://t.co/cVFaQxIwVb
Japanese Yen December Low is Trend Defining Level

Japanese Yen December Low is Trend Defining Level

2011-12-20 15:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, Japanese Yen December Low is Trend Defining Level

Prepared by Jamie Saettele, CMT

The longer that the USDJPY fails to accelerate higher, the less confident I am in a bullish bias. Also, volatility is exceptionally low (3 month vol is lowest since November 2007), which is historically bearish. Price does remain below the 200 day average, which is now below the post intervention high of 7953. I am treating 7828 and 7714 as breakout levels (above 7728 is bullish and below 7714 is bearish).

Other TA Articles

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

DISCLOSURES

News & Analysis at your fingertips.