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
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Bearish
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
Bullish
More View more
Real Time News
  • The $GBP recoiled from chart resistance against the US Dollar, setting the stage for prices to resume a bearish trend reversal triggered mid-January. Get your market update from @IlyaSpivak here:https://t.co/lVpyZkIfJt https://t.co/oQs8Ty4Eau
  • The Japanese #Yen may rise as the #SP500 outlook risks shifting more bearish on signals in trader positioning. What is the road ahead for $USDJPY given the outbreak of the #coronavirus? - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/26/Yen-Outlook-Bullish-USDJPY-May-Fall-as-SP-500-Sees-Dip-Buying.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ynFwtuzd6P
  • That's more or less a 268% increase after the government announced expansionary measures such as giving HK$10k to each adult permanent resident... https://t.co/kIM4QNkHuw
  • Hong Kong 2019/20 fiscal deficit at HK$37.9b, 2020/21 deficit at a record HK$139.1b -BBG
  • If you missed this week's session on IG Client Sentiment where I discussed the Japanese Yen and #SP500 outlook, check out the recording on YouTube here $USDJPY $AUDJPY #SPX - https://t.co/6VYWaVuJgZ
  • - Copper price outlook gloomy as #COVID-19 intimidates Chinese demand - Coronavirus threatens to derail global stabilization, pressure commodity - Copper futures have plunged over 10 percent, falling to 17-year uptrend https://www.dailyfx.com/forex/market_alert/2020/02/26/Copper-Outlook-Bleak-as-COVID-19-Threatens-China-Economy.html
  • The $JPY has lost out to a broadly resurgent US Dollar, with a clearly dwindling band of Yen bulls left to hope that the most recent rise has become overextended. Get your market update from @DavidCottleFX here:https://t.co/7Ndm5jiOi7 https://t.co/iXFakOQKJB
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.90% Silver: 0.38% Gold: 0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CwYU17wruT
  • RT @DavidInglesTV: U.S. weekly imports from China fell by half last week and early indications is this week will be about half of last week…
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.02% 🇦🇺AUD: -0.01% 🇳🇿NZD: -0.06% 🇪🇺EUR: -0.12% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/V5JsKlfFcF
Japanese Yen Breaks Short Term Trendline

Japanese Yen Breaks Short Term Trendline

2011-12-29 23:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, Japanese Yen Breaks Short Term Trendline

Prepared by Jamie Saettele, CMT

No change – “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.