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
EUR/USD
Bearish
Oil - US Crude
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • RT @KyleR_IG: European indices and EUR/USD taking a spill on reports that the French Government is set to announce a new 1-month and countr…
  • $Silver looking vulnerable as it fails to clamber back above the 50-DMA (24.51) Break below $24 would probably validate the Bear Flag continuation pattern and could see price push back towards the psychologically imposing $20 mark $SLV $SLVR https://t.co/SJ7i4yN1W1 https://t.co/CjHod2aN8O
  • $EURUSD plunging lower on news that French President Emmanuel Macron is expected to announce a 1-month nation-wide lockdown https://t.co/Jj3BUxZeyw https://t.co/WCAbxg6TDZ
  • The New Zealand Dollar may continue to outperform the haven-associated US Dollar as price breaks above key long-term resistance. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/D1DxtDkJXd https://t.co/jJ1SKMjVKU
  • Market snapshot: #USD pointing higher vs G10 counterparts, particularly oil-linked NOK. Equity futures falling
  • Full article on their report today can be found here - https://www.dailyfx.com/forex/market_alert/2020/10/27/Nasdaq-100-Outlook-Steadied-as-Microsoft-Beats-Earnings-Expectations.html
  • RT @RiskReversal: .@GuyAdami & @RiskReversal are back with The Macro SetUp by @IG_US We discuss recent & expected volatility into & out of…
  • The $SPX carved out its second smallest daily trading range in two months this past session. I don't think that reassures anyone that the way ahead is going to be quiet... https://t.co/XSjmcj1lSx
  • AUD/USD price action attempts to advance but struggles to maintain a bid more broadly. Get your $AUDUSD market update from @RichDvorakFX here: https://t.co/6zZz0cP2os https://t.co/WU5Hc2Jos2
  • 🇰🇷 Consumer Confidence (OCT) Actual: 91.6 Previous: 79.4 https://www.dailyfx.com/economic-calendar#2020-10-27
USDJPY Range Tightens Pre-FOMC

USDJPY Range Tightens Pre-FOMC

2012-06-19 23:25:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Range Tightens Pre-FOMC

Prepared by Jamie Saettele, CMT

The USDJPY has traded in a series of inside days since Friday’s sharp decline. The double inside day is indicative of the waiting game that the USDJPY plays ahead of US policy announcements. I’m on the lookout for a secondary low above 7765 in the 7850 area in the event that 7860 fails to hold. Exceeding 7980 would shift focus to 8054.

LEVELS: 7720 7765 7850 7980 8030 8055

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

DISCLOSURES