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EUR/USD Update: Recession Fears, as Reduced Russian Gas Grips Germany
2022-06-24 11:30:00
Euro May Break Seven-Year Floor vs. US Dollar, Fall Below Parity
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Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Jun 08, 2022 when Wall Street traded near 32,936.00.
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Gold Prices Eye Bullish Turnaround, Silver’s Outlook Clouded by Recession Fears
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Gold Price Outlook Mired by Failure to Test 50-Day SMA
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Pound Weekly Fundamental Forecast: Unflattering GBP Set to Continue
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GBP/USD Technical Analysis: Reversal Week Holding is Bullish
2022-06-24 12:30:00
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Japanese Yen Forecast: USD/JPY Bearish as Yields and Oil Drops
2022-06-24 08:01:00
US Dollar Forecast: Pullback in US Yields Hampers DXY Index, USD/JPY
2022-06-23 18:30:00
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USDJPY True Test Will Come Near 8075

USDJPY True Test Will Come Near 8075

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY True Test Will Come Near 8075

Prepared by Jamie Saettele, CMT

The USDJPY has broken through the June high with authority and now faces resistance from the 4/16 low and 5/2 / 5/16 high at 8030/60. A Fibonacci extension (100% of 7765-7979 / 7961) comes in at 8074. Expect trading to be a bit choppier up here for several days. Support is now 7995 and 7965. Longs on dips are a favored strategy here before a potential parabolic move.

LEVELS: 7940 7965 7985 8075 8150 8205

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

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