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
More View more
Japanese Yen Intraday Pattern Favors Test of 7750

Japanese Yen Intraday Pattern Favors Test of 7750

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_usd-jpy_body_usdjpy.png, Japanese Yen Intraday Pattern Favors Test of 7750

Prepared by Jamie Saettele, CMT

The rally from 7660 and decline from 7733 probably compose wave a and b of an a-b-c corrective rally. The implications are for a rally into 7750 (100% extension of rally from 7660) before the larger downtrend resumes. 7750 is reinforced by the 20 day average as well. Additional technical research can be found at

Bottom Line – sell rallies into 7750, stop 7830, target 7550

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