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Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk
2021-06-12 12:00:00
EUR/USD June Open Range Vulnerable as ECB Sticks to Higher PEPP
2021-06-11 15:00:00
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Crude Oil Outlook: IEA Report Sends Price Skyward Ahead of US-Iran Talks
2021-06-12 15:00:00
WTI Crude Oil Outlook – Room to Rally 10% or More Before Big Levels Met
2021-06-11 12:30:00
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Bitcoin (BTC) Grinding Higher - Ethereum (ETH), Alt-Coins in Wait-And-See Mode
2021-06-12 06:00:00
Australian Dollar Outlook: AUD/USD Divergence With Wall Street Risks Continuing
2021-06-12 00:00:00
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Gold Price Outlook Hinges on Updated Fed Interest Rate Dot Plot
2021-06-12 18:00:00
Gold Price Forecast: XAU/USD Breakout Holds Through CPI - FOMC on Deck
2021-06-11 20:00:00
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Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk
2021-06-12 12:00:00
Dollar and S&P 500 Breaks Must Abide the FOMC Decision This Week
2021-06-12 02:00:00
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Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk
2021-06-12 12:00:00
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
2021-06-10 19:00:00
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  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here: https://t.co/NGRTSfceOW https://t.co/QkSUORIQE2
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  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/RJLpBgS43V
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Japanese Yen Unchanged at November Pivot

Japanese Yen Unchanged at November Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-jpy_body_usdjpy.png, Japanese Yen Unchanged at November Pivot

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. It is worth noting that speculative longs are at a level consistent with recent interventions.

Bottom Line - flat

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

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