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 January Pivot of Interest at 7828

Japanese Yen January Pivot of Interest at 7828

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-jpy_body_usdjpy.png, Japanese Yen January Pivot of Interest at 7828

Prepared by Jamie Saettele, CMT

The USDJPY had no problem with the 7730 level and is nearing a Fibonacci extension confluence at 7780 (161.8% extensions of 7602-7680/7651 and 7651-7718/7670). Upside momentum is strong and risk on longs can be moved up from 7600 to 7670. 7740/50 is now support and focus in the coming days is the January high at 7828, which is also defined by the 261.8% extensions of the previously mentioned levels.

Bottom Line – long, stop 7670, target open

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