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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
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
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
Wall Street
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
Gold
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
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/RSHYD7kI4B
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/dWaWQ0MK1V https://t.co/BAUGbFNJ9d
  • IHS Markit “Services have once again been especially hard hit, but manufacturing has seen growth almost stall, blamed on a cocktail of COVID-19 and Brexit, which has led to increasingly widespread supply delays, rising costs and falling export" https://t.co/4lzdYJNqLu
  • 🇬🇧 Markit/CIPS UK Services PMI Flash (JAN) Actual: 38.8 Expected: 45 Previous: 49.4 https://www.dailyfx.com/economic-calendar#2021-01-22
  • 🇬🇧 Markit/CIPS Manufacturing PMI Flash (JAN) Actual: 52.9 Expected: 54 Previous: 57.5 https://www.dailyfx.com/economic-calendar#2021-01-22
  • 🇬🇧 Markit/CIPS Composite PMI Flash (JAN) Actual: 40.6 Expected: 45.5 Previous: 50.4 https://www.dailyfx.com/economic-calendar#2021-01-22
  • Litecoin IG Client Sentiment: Our data shows traders are now at their most net-long Litecoin since Nov 25 when Litecoin traded near 81.55. A contrarian view of crowd sentiment points to Litecoin weakness. https://www.dailyfx.com/sentiment https://t.co/48NRtK0I8O
  • Heads Up:🇬🇧 Markit/CIPS UK Services PMI Flash (JAN) due at 09:30 GMT (15min) Expected: 45 Previous: 49.4 https://www.dailyfx.com/economic-calendar#2021-01-22
  • Heads Up:🇬🇧 Markit/CIPS Manufacturing PMI Flash (JAN) due at 09:30 GMT (15min) Expected: 54 Previous: 57.5 https://www.dailyfx.com/economic-calendar#2021-01-22
  • Heads Up:🇬🇧 Markit/CIPS Composite PMI Flash (JAN) due at 09:30 GMT (15min) Expected: 45.5 Previous: 50.4 https://www.dailyfx.com/economic-calendar#2021-01-22
Dollar Faces Headwinds against Yen

Dollar Faces Headwinds against Yen

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-jpy_body_usdjpy.png, Dollar Faces Headwinds against Yen

Prepared by Jamie Saettele, CMT

A 5 wave advance from the 2/1 low is most likely complete in the USDJPY at Sunday evening’s high (8166). Expect weakness on balance over the next 1 to 2 weeks in order to complete a corrective 3 wave decline from 8166. Expect support at 7935/50 (2/20 low and 38.2% retracement of the 5 wave rally). A deeper decline could reach 7820/30 (61.8% retracement and breakout level). We’ll have a better idea regarding formation of the next low in real time but 7935/50 and 7820/30 are levels to keep in mind.

Bottom Line – Sideways / Lower

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

DISCLOSURES